Binance, the world’s largest cryptocurrency exchange has reached a new partnership agreement with Circle. The development surfaced on Thursday, through an official blog post, indicating a landmark development in tokenized real-world assets.
In the statement, Circle’s USYC, a popular tokenized money market fund, will now become available to users of Binance. As announced, institutional investors using the exchange can now utilize USYC as off-exchange collateral for derivatives trades.
More so, the initiative will unlock fresh opportunities for institutional investors to earn yields in a system that’s compatible with the traditional financial markets. The collaboration between the two heavyweights according to the blog post is an attempt to accelerate support for the growing demands of tokenized real-world assets.
Currently, there is an increasing demand for tokenized interests in US Treasuries, an innovation that has doubled since early 2025 according to Circle. Insight into the details of the project established that USYC will be natively issued on BNB Chain, allowing its users to explore the onchain world and the strength of tokenized traditional assets.
Similarly, Circle disclosed that the asset will be entrusted to supporting banks via Binance Banking Triparty or with Ceffu, an institutional custody partner of the exchange.
According to the Chief Business Officer of Circle, Kash Razzaghi, the integration of USYC with Binance is an avenue to unlock new possibilities for institutional capital efficiency. The project with its near instant redemption into USDC as per the executive makes it an ideal solution for “modern collateral use in digital markets.”
Likewise, Catherine Chen, Head of Binance VIP and Institutional said the global crypto exchange is keen on building secure, accessible, and capital-efficient offerings for institutions. Chen stated that the integration into Binance’s trading environment offers a leap forward in its support for the future of capital markets.
Increasing adoption of tokenized money market funds
Without a doubt, tokenized money market funds are now the latest innovation gaining huge traction in the digital asset space. One major factor contributing to the rising popularity of the innovation is how it seamlessly connects the digital and traditional finance space.
Just yesterday, Binbits reported that Goldman Sachs and BNY Mellon introduced a new solution that opens up access to tokenized money market funds. As reported, it will offer real-time settlement and 24/7 market access that increases the efficiency of capital markets.
A new report illustrated how tokenized money market funds holding US Treasuries have been on the rise since 2022. Accordingly, tokenized money market funds grew from $100 million in 2022 to $7 billion in June 2025.
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