Outside Source
The integration marks another step in centralized exchanges adopting tokenized Treasurys, expanding RWA collateral across major trading platforms.
News
Binance has begun accepting BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) as off-exchange collateral, giving institutions a way to trade on the exchange while keeping their assets with custodians.
The integration combines BlackRock’s onchain money market fund with Binance’s custody systems, enabling traders to earn yield on BUIDL while using it to support trading positions on the exchange.
A new BUIDL asset class will also launch on BNB Chain, expanding the token’s reach beyond Ethereum and opening it to a wider set of onchain applications, according to a blog post by Binance on Friday.
This article first appeared at Cointelegraph.com News
