BlackRock Expands $2.5B BUIDL Fund to BNB Chain With Binance

Summary of BlackRock's BUIDL Fund Launch:

BlackRock has launched its USD Institutional Digital Liquidity Fund (BUIDL) on BNB Chain.
The fund represents the largest tokenized real-world asset fund, managed by Securitize and utilizing cross-chain technology from Wormhole.
BUIDL is now available for qualified investors on BNB Chain and can be used as collateral on Binance, enhancing access and utility for tokenized US dollar yields.
This launch marks a significant integration of conventional finance with blockchain, facilitating broader access to tokenized assets.
Securitize provides critical infrastructure, ensuring regulatory compliance and administration of the fund.
BUIDL fund is valued at approximately $2.5 billion, making it the largest tokenized money market fund on public blockchains.
The fund has partnerships with prominent industry players like Ripple and Frax Finance to enhance its offerings.
With support from BNB Chain and Binance, the fund continues to bridge traditional and on-chain financial systems.