{"id":58648,"date":"2025-11-15T10:01:32","date_gmt":"2025-11-15T10:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=58648"},"modified":"2025-11-15T10:01:32","modified_gmt":"2025-11-15T10:01:32","slug":"blackrock-launches-expansion-of-2-5-billion-buidl-fund-into-binance-and-bnb-chain","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=58648","title":{"rendered":"BlackRock Launches Expansion Of $2.5 Billion BUIDL Fund Into Binance And BNB Chain"},"content":{"rendered":"
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Securitize and Binance have jointly announced <\/a>on Friday that the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) will now be accepted as off-exchange collateral for trading on Binance.\u00a0<\/p>\n

BlackRock\u2019s BUIDL Gains Momentum<\/h2>\n

Fortune reported <\/a>that the collaboration with Binance is expected to boost the popularity of BUIDL, a token launched by the world\u2019s largest asset manager, BlackRock, last year. Since its inception, BUIDL has witnessed significant growth, with its market capitalization exceeding $2.5 billion.\u00a0<\/p>\n

Functioning akin to a stablecoin, BUIDL is commonly utilized as collateral for trading cryptocurrency derivatives, catering primarily to large institutional investors like private equity firms and hedge funds that make a minimum investment of $5 million into the BlackRock BUIDL fund.\u00a0<\/p>\n

What sets BUIDL apart from traditional stablecoins like Tether (USDT) and Circle (USDC) is its unique feature of distributing the yield collected from its reserves<\/a> to investors.\u00a0<\/p>\n

Currently offering a yield of around 4%, BlackRock imposes a management fee ranging from 0.2% to 0.5% on the token. To bring BUIDL into existence, BlackRock collaborates with Securitize, a company specializing in issuing digital assets.\u00a0<\/p>\n

Securitize\u2019s CEO, Carlos Domingo, highlighted the growing popularity of tokenized assets<\/a> due to their ability to facilitate quick and efficient trade settlements.\u00a0<\/p>\n

Domingo emphasized the \u201cantiquated nature\u201d of current capital market ledgers, often built on outdated software, contrasting this with the \u201cagile and near-instant settlement capabilities\u201d of blockchain technology.\u00a0<\/p>\n

Binance Responds To Demand<\/h2>\n

Catherine Chen, Binance\u2019s Head of VIP & Institutional, noted that the addition of BUIDL was driven partly by customer demand. She noted in the statement:\u00a0<\/p>\n

\n

Integrating BUIDL with our banking triparty partners and our crypto-native custody partner, Ceffu, meets their needs and enables our clients to confidently scale allocation while meeting compliance requirements.<\/p>\n<\/blockquote>\n

Concurrently, BUIDL is set to introduce a new share class on the BNB Chain <\/a>network, enhancing investor reach and interoperability with other blockchain financial applications.<\/p>\n

Launched in March 2024, BUIDL marked BlackRock\u2019s inaugural tokenized fund on a public blockchain, tokenized by Securitize, offering qualified investors access to U.S. dollar yields with flexible custody, daily dividend payouts, and seamless peer-to-peer transfers.<\/p>\n

This integration builds upon BUIDL\u2019s presence across networks <\/a>like Arbitrum (ARB), Aptos (APT), Avalanche (AVAX), Ethereum (ETH), Optimism (OP), Polygon (POL), and Solana (SOL), further enhancing its accessibility and utility within the blockchain ecosystem.<\/p>\n

\"Binance\"<\/p>\n

When writing, Binance\u2019s native token, BNB, trades at $931.60, recording losses exceeding 20% in the past 30 days. This positions Binance Coin 32% below all-time high levels of $1,369 reached back in October of this year.\u00a0<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Securitize and Binance have jointly announced on Friday that the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) will now be accepted as off-exchange collateral for trading on Binance.\u00a0 BlackRock\u2019s BUIDL Gains Momentum Fortune reported that the collaboration with Binance is expected to boost the popularity of BUIDL, a token launched by the world\u2019s largest asset […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-58648","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/58648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58648"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/58648\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}