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Binance Adds BlackRock’s BUIDL as Off-Exchange Collateral for Institutions - news.adtechsolutions Binance Adds BlackRock’s BUIDL as Off-Exchange Collateral for Institutions - news.adtechsolutions

Binance Adds BlackRock’s BUIDL as Off-Exchange Collateral for Institutions


Binance has begun accepting BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as off-exchange collateral, giving institutions a way to trade on the exchange while keeping their assets with custodians.

The integration combines BlackRock’s onchain money market fund with Binance’s custody systems, allowing traders to earn returns on BUIDL while using it to support trading positions on the exchange.

A new BUIDL asset class will also be launched on BNB Chain, expanding the token’s reach beyond Ethereum and opening it up to a wider set of onchain applications, according to a blog. place from Binance on Friday.