BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has launched on the BNB Chain, underlining the growing relevance of tokenized assets. The Binance-backed blockchain network confirmed the integration on Friday via an official blog post.
More so, with the integration, the platform aims to bring regulated assets that guarantee investors’ protection to the blockchain space. As revealed, platforms like Securitize and Wormhole all supported launching BUIDL on BNB to provide secure and seamless movement of the funds.
According to the post, BNB Chain described the expansion as a connecting link between traditional finance and blockchain technology. The blockchain network pledges to provide the tokenized fund with speed, efficiency, and accessibility, giving investors easy and unhindered access.
Aside from opening more market access for the fund, its deployment on BNB will ensure the deployment and integration of the tokenized fund across DeFi and TradFi platforms. As part of the initiative, the statement disclosed that users of Binance can now use BUIDL as collateral for cryptocurrency loans on the exchange.
Consequently, the feature will open a new pathway for institutions and big bag traders to deploy capital and maintain exposure to tokenized funds. With BUIDL, investors will enjoy accessibility to yield-bearing assets within the cryptocurrency market and open up more opportunities for capital efficiency.
Similarly, BNB Chain disclosed that the latest synergy with BUIDL indicated that tokenized assets are gradually becoming a reality. The statement disclosed that the newly launched fund on BNB Chain offers daily payout, p2p transfer, and flexible custody.
Side note
The Head of Business Development of BNB Chain, Sarah Song said BNB Chain is designed for scalable, low-cost, and secure financial applications. Furthermore, the executive added that BUIDL is turning real-world assets into programmable financial instruments, enabling entirely new types of investment strategies on-chain.
Also, the co-founder and CEO of Securitize, Carlos Domingo opined that expanding BUIDL to the BNB Chain and making it available as collateral on the Binance exchange further extends its accessibility. Domingo stated that the move strengthens its mission to bring regulated real-world assets on-chain while unlocking new forms of utility that were previously out of reach.
It is worth mentioning the latest development surfaced after the Donald Trump-backed stablecoin, USD1 launched on the network early this year. The launch opened up an opportunity for investors to trade the stablecoin on decentralized exchanges like Pancake Swap.
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