Binance has begun accepting BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as off-exchange collateral, giving establishments a option to commerce on the trade whereas maintaining their belongings with custodians.
The combination combines BlackRock’s onchain cash market fund with Binance’s custody programs, enabling merchants to earn yield on BUIDL whereas utilizing it to help buying and selling positions on the trade.
A brand new BUIDL asset class can even launch on BNB Chain, increasing the token’s attain past Ethereum and opening it to a wider set of onchain functions, in keeping with a weblog post by Binance on Friday.
With the addition of BUIDL, Binance helps a number of yield-bearing tokenized belongings, together with Circle’s USYC and OpenEden’s cUSDO.
BUIDL is BlackRock’s first onchain liquidity fund — a tokenized, interest-bearing USD automobile issued via Securitize. BlackRock, the world’s largest asset supervisor, oversaw roughly $13.4 trillion in assets as of Q3 2025.
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The rise of tokenized treasuries
As tokenized money-market funds shift from easy yield merchandise to mainstream trading collateral, Binance joins a rising group of exchanges permitting certified shoppers to publish Treasury-backed tokens to again their positions.
In July, Deribit and Crypto.com started accepting BUIDL as collateral, giving institutional merchants a low-volatility, yield-bearing asset they’ll use rather than money or stablecoins.
In September, Bybit adopted with help for QCDT, a Dubai Monetary Providers Authority (DFSA)-approved tokenized money-market fund backed by US Treasurys.
The pattern echoes conventional finance, the place corporations usually pledge Treasurys and money-market funds as collateral via bank-run triparty programs quite than maintaining belongings on a buying and selling venue.
Tokenized US Treasurys have turn into the second-largest real-world belongings (RWA) past stablecoins, with a present market cap of $8.57 billion, in keeping with RWA.xyz information.
The funds are led by BlackRock’s BUIDL, with about $2.52 billion in complete worth, Circle’s USYC with $1.06 billion and Franklin Templeton’s BENJI, with $850 million.
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Cointelegraph by Nate Kostar Binance Adds BlackRock’s BUIDL as Off-Exchange Collateral for Institutions cointelegraph.com 2025-11-14 21:03:58
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