Binance has started accepting BlackRock’s BUIDL token as off-exchange collateral for institutional clients. The move allows traders to use the tokenized Treasury fund to back their positions while keeping assets with third-party custodians.
BlackRock’s BUIDL, the world’s largest tokenized RWA, is now accepted as off-exchange collateral for trading on #Binance
This milestone reflects our dedication to enabling institutions to access digital assets with control, yield, security, and capital efficiency.
— Binance (@binance) November 14, 2025
BUIDL is BlackRock’s USD Institutional Digital Liquidity Fund. It represents a tokenized version of a money market fund that holds US Treasury securities. The token pays yield to holders from the underlying Treasury holdings.
The integration lets institutional traders earn returns on their BUIDL holdings while simultaneously using those assets as collateral for trading. This setup mirrors traditional finance practices where companies pledge Treasury holdings through custodian systems.
BlackRock issued BUIDL through Securitize in March 2024. The fund has grown to $2.5 billion in total value. This makes it the largest tokenized money market fund operating on public blockchains.
Binance announced the fund will also launch on BNB Chain. Previously, BUIDL operated only on Ethereum. The expansion to BNB Chain opens access to decentralized finance applications within that ecosystem.
Catherine Chen, Binance’s head of VIP & Institutional, said clients requested more interest-bearing assets they could hold as collateral. The exchange already supports other tokenized products including Circle’s USYC and OpenEden’s cUSDO.
Other major crypto exchanges have made similar moves in recent months. Deribit and Crypto.com began accepting BUIDL as collateral in July 2024. Bybit added support for QCDT in September 2024.
QCDT is a tokenized money market fund approved by Dubai Financial Services Authority. The token is backed by US Treasury securities. These additions show exchanges are creating options beyond traditional stablecoins for institutional collateral.
Tokenized US Treasuries have reached a market cap of $8.57 billion according to RWA.xyz. This makes them the second-largest category of real-world assets on blockchains after stablecoins.
BlackRock’s BUIDL holds the top position with $2.52 billion in value. Circle’s USYC follows with $1.06 billion. Franklin Templeton’s BENJI token ranks third at $850 million.
BlackRock manages approximately $13.4 trillion in total assets as of Q3 2025. The firm is the world’s largest asset manager. Robbie Mitchnick, BlackRock’s global head of digital assets, said the move brings traditional finance elements into onchain systems.
Securitize handles the issuance and management of BUIDL tokens. The company is expanding the token’s blockchain presence with the BNB Chain integration. This allows BUIDL to function across multiple blockchain networks and trading platforms.
The post BlackRock’s $2.5B Treasury Token BUIDL Goes Live on Binance appeared first on CoinCentral.
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