Binance Embraces Traditional Finance with BlackRock’s $2.5 Billion Tokenized Fund

Binance has announced a significant move towards integrating traditional finance (TradFi) with cryptocurrency, enabling users to utilize BlackRock’s BUIDL token as collateral on its platform. This move marks the first integration of a tokenized money market fund worth $2.5 billion, backed by short-term U.S. Treasury bills and other liquid assets, into decentralized finance (DeFi). Binance founder Changpeng Zhao (CZ) echoed his support for innovation and builders in this announcement.