BlackRock Launches BUIDL Tokenized Fund on BNB Chain: Institutional Collateral and DeFi Integration

BlackRock has launched a new tokenized money market fund, BUIDL, on the Binance Smart Chain (BNB Chain). This innovative venture allows institutional users to leverage BUIDL as collateral on Binance, enabling access to liquidity while maintaining third-party custody. Key factors driving this integration include expanding DeFi applications and increased interest from institutions. The launch marks a significant step towards bridging traditional finance and blockchain technology, with strategic partnerships like those with Securitize and Wormhole playing key roles in facilitating the transition.