BlackRock's BUIDL fund now accepted as collateral on Binance

BlackRock's tokenized fund, BUIDL, has been approved for use as trading collateral on Binance, according to real-world asset (RWA) tokenization firm Securitize. Securitize, which issues BUIDL in collaboration with BlackRock, stated that the move solidifies the fund's position as a key component of on-chain finance. The firm added that this allows global institutional and professional traders on Binance to enhance their capital allocation efficiency while maintaining exposure to tokenized U.S. Treasury bills. With the launch of a new share class on the BNB Chain, BUIDL is now available across eight blockchains, including Ethereum, Aptos, Arbitrum, Optimism, and Polygon.