Why buidl Is Trending Today?

BlackRock's BUIDL fund, valued at $2.5 billion, has expanded its reach by integrating with the BNB Chain, a move that significantly increases its onchain institutional presence. This integration allows the fund to tokenize assets on the BNB Chain, a development that could potentially expand the use of Binance's native token, BNB, as collateral. The collaboration between BlackRock and Binance is expected to gain further traction in the institutional sphere, as Binance continues to expand its support for the BUIDL token.

Binance, a leading cryptocurrency exchange, has integrated BlackRock's $2.5 billion BUIDL fund as collateral for off-exchange crypto trading, marking a significant step in institutional adoption. This move allows institutional traders to use BlackRock's tokenized U.S. Treasury yields as collateral for trading on Binance. The BUIDL fund, which focuses on real-world assets (RWAs), has expanded to the BNB Chain, potentially advancing the tokenization of RWAs and boosting accessibility. This collaboration between BlackRock and Binance could signal a shift in how institutional capital interacts with the crypto market, with some analysts suggesting it could be a "checkmate" move for institutional capital in the space.

BlackRock and Binance have partnered to bring BlackRock's BUIDL tokenized fund to the BNB Chain. This $2.5 billion fund, which focuses on tokenized money market funds, is now accepted as collateral for institutional traders on Binance. The collaboration marks a significant breakthrough in the use of real-world assets (RWAs) in the crypto space, as it allows institutional investors to use BlackRock's BUIDL tokens as collateral for trading on Binance. This development is seen as a major step towards wider institutional adoption of cryptocurrencies.