Crypto exchange Binance has announced that BlackRock’s tokenized fund, BUIDL , will now be accepted as collateral on the platform. This comes as the tokenized fund expands to the BNB chain, a move welcomed by the exchange’s former CEO, Changpeng Zhao.

What The Binance Partnership With BlackRock’s BUIDL Means

Binance has partnered with BlackRock’s BUIDL to expand its collateral offerings for institutional off-exchange settlement services, Binance Banking Triparty, and MirrorRSV. The exchange has now added support for BUIDL, which is a tokenized short-term U.S. Treasury fund . The exchange explained that its Banking Triparty is a custodial solution designed for institutions that separates asset custody from trading execution.

With this, users can trade on the crypto platfor

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