BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has expanded to the BNB Chain, powered by Securitize and Wormhole, to offer exposure to tokenized US dollar yields.
BNB Chain Welcomes BlackRock’s BUIDL
On Friday, the BNB Chain announced that BlackRock’s BUIDL Fund, the world’s largest tokenized real-world asset (RWA) with $2.5 billion in invested capital, has arrived on the network, aiming to broaden investor access and interoperability with other on-chain financial applications.
According to the announcement, BUIDL is expanding access with a new share class on the BNB Chain, offering “qualified investors exposure to tokenized U.S. dollar yields on a high-performance, low-cost network.”
Sarah Song, Head of Business Development at BNB Chain, asserted that BUIDL is “turning real-world assets into programmable financial instruments, enabling entirely new types of investment strategies on-chain.” “BNB Chain is designed for scalable, low-cost, and secure financial applications, and we’re excited to welcome BUIDL to our ecosystem,” she added.
The BNB Chain, which had a remarkable ecosystem performance over the past few months, recently expanded its RWA ecosystem with multiple key partnerships and integrations, including CMB International Asset Management Limited and Ondo Finance.
BlackRock’s BUIDL was launched in March 2024 on the Ethereum network and has since expanded to six other blockchains, including Arbitrum, Aptos, Avalanche, Optimism, Polygon, and Solana.
Unlocking ‘New Forms Of Utility’
The announcement also unveiled that the fund will now be accepted as off-exchange collateral for trading on Binance, enabling “real yield-bearing assets into active crypto markets” and opening “new paths for capital efficiency.”
“This milestone highlights our continued focus on transforming tokenization from concept to practical market utility,” said Robbie Mitchnick, Global Head of Digital Assets at BlackRock, in the statement.
“By enabling BUIDL to operate as collateral across leading digital market infrastructure, we’re helping bring foundational elements of traditional finance into the onchain finance arena,” Mitchnick added.
Catherine Chen, Head of VIP & Institutional at Binance, noted that the exchange’s institutional clients had “asked for more interest-bearing stable assets they can hold as collateral while actively trading on our exchange.”
Notably, the expansion is powered by Securitize, a leader in tokenizing real-world assets with over $4 billion in assets under management, which provides the full regulatory and technical infrastructure that enables institutional-grade RWAs.
Carlos Domingo, Co-founder and CEO of Securitize, stated that “BUIDL’s expansion to BNB Chain and its use as collateral on Binance further extends its reach and utility,” adding, “We’re continuing to bring regulated real-world assets onchain while unlocking new forms of utility that were previously out of reach.”
BNB's performance in the one-week chart. Source: BNBUSDT on TradingView