Binance Partners with BlackRock to Offer Institutional Traders Off-Exchange Collateral

Binance has partnered with BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) to provide off-exchange collateral for institutional traders. This integration allows institutions to trade on the Binance exchange while maintaining their assets in custody, using BUIDL for trading positions. The new BUIDL asset class will be launched on BNB Chain, expanding its reach beyond Ethereum and enabling a wider array of on-chain applications.