BlackRock Launches BUIDL Fund on BNB Chain, Revolutionizing DeFi Investment

BlackRock has launched its BUIDL Fund on the BNB Chain, a move that promises to reshape decentralized finance (DeFi) investment strategies for institutions. This launch, facilitated by Securitize and Wormhole protocols, allows for integration of institutional trading while enhancing digital asset frameworks. The BUIDL Fund’s approval as collateral by Binance further unlocks significant financial benefits, leading to increased liquidity and exposure to U.S. Treasury yields in decentralized finance.