BlackRock and Binance Forge Unstoppable Crypto Alliance with BUIDL Integration
Wall Street meets Web3 as BlackRock and Binance double down on their power play—BUIDL integration just went live.
Why it matters: When the world's largest asset manager shakes hands with crypto's most dominant exchange, traditional finance starts sweating.
The fine print: No dollar figures disclosed (classic finance opacity), but insiders confirm this cements Binance as BlackRock's preferred on-ramp for institutional crypto exposure.
Cynic's corner: 'Partnership' likely means BlackRock gets preferential rates while retail traders keep eating 0.1% trading fees—some decentralization.
Bottom line: The institutions are here. They're building. And they're not asking permission.
A New Collateral Option for Active Traders
Binance’s Head of VIP & Institutional, Catherine Chen, said the fund is being connected to the exchange’s triparty banking agents – a key part of traditional short-term secured funding markets – along with its crypto-native custody provider, Ceffu.
Chen noted that institutions have been looking for yield-bearing, dollar-pegged assets they can use as collateral instead of holding idle stablecoins. BUIDL, which is designed to track the U.S. dollar, fills that role.
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Expanding Beyond Ethereum
Issued by Securitize, BUIDL is already one of the most widely deployed real-world asset products onchain. Before adding BNB Chain, it was available on:
- Ethereum
- Avalanche
- Aptos
- Solana
- Arbitrum
- Polygon
- Optimism
BNB Chain becomes the latest network to support the fund – and comes at a time when the chain has enjoyed heavy momentum thanks to rising usage in derivatives platforms like Aster and integrations with Binance Alpha, Binance Wallet, and real-world asset protocols such as ONDO Finance.
