Binance Accepts BlackRock’s BUIDL Fund as Collateral
Binance now accepts BlackRock’s $2.5B BUIDL token as collateral, a T-bill-backed asset trading at $1.
- Binance adds support for BlackRock’s BUIDL as collateral.
- BUIDL is a tokenized money market fund worth $2.5B.
- CZ reaffirms focus on builders and innovation.
Binance Embraces BlackRock’s BUIDL as DeFi Collateral
In a major move toward integrating traditional finance with crypto, Binance has announced that it now accepts BlackRock’s BUIDL token as collateral on its platform. The announcement was confirmed by Binance founder Changpeng Zhao (CZ), who echoed the sentiment with his trademark phrase: “Builders build.”
The BUIDL token is a tokenized money market fund launched by BlackRock and built on blockchain infrastructure. It is fully backed by short-term U.S. Treasury bills and similar liquid assets. Each token is pegged to $1 and currently holds a circulating value of approximately $2.5 billion, making it one of the largest real-world asset (RWA) products in crypto today.
A Step Forward for Real-World Assets in DeFi
Binance’s decision to accept BUIDL as collateral is seen as a big win for the growing real-world asset (RWA) sector. By allowing users to post BUIDL as security for borrowing or trading, Binance is bridging the gap between traditional low-risk financial instruments and the decentralized world.
The move not only gives BUIDL holders greater utility but also signals increasing confidence in the legitimacy and stability of tokenized traditional finance products. With backing from BlackRock—the world’s largest asset manager—the BUIDL token carries both institutional weight and credibility.
This isn’t just about a new token being listed. It’s about a paradigm shift, where digital versions of conventional finance products begin to power on-chain ecosystems. And Binance is leading that charge.
CZ and Binance Stay Focused on Innovation
CZ’s comment, “Builders build,” reinforces Binance’s ongoing mission to support innovation even in times of regulatory pressure and market volatility. The platform has continued to expand its offerings, especially in areas that merge TradFi and DeFi.
The integration of BUIDL may also encourage more institutional players to experiment with crypto-backed tools while benefiting from the stability of tokenized traditional assets like T-bills.
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