BlackRock’s BUIDL Fund Expands to BNB Chain

Asset manager BlackRock’s BUIDL tokenized U.S. Treasury fund is launching on BNB Chain and can now be used as collateral for trading on Binance, the world’s largest centralized exchange with over 290 million users globally, the companies announced on Friday, Nov. 14.

BUIDL, which is tokenized by Securitize, is the largest real-world asset (RWA) product with over $2.5 billion in assets, per RWAxyz.

At the same time, launching on BNB Chain makes it easier for more people to access the fund on one of the biggest blockchains, Binance Smart Chain (BSC), which has over $7.4 billion in total value locked, according to DeFiLlama.

BUIDL is already available on other networks like Ethereum, Solana, Polygon, Arbitrum, Optimism, Aptos and Avalanche.

The move illustrates how tokenized RWAs keep growing in popularity as investors can not only move their money faster but can keep it in a safer, digital form that earns interest. Total RWA onchain value has more than doubled since January alone, recently surpassing $36 billion.

“BUIDL’s expansion to BNB Chain and its use as collateral on Binance further extends its reach and utility,” said Carlos Domingo, co-founder and CEO of Securitize. “We’re continuing to bring regulated real-world assets onchain while unlocking new forms of utility that were previously out of reach.”

BUIDL launched in March 2024 as BlackRock’s first fund on a public blockchain. It lets qualified investors earn U.S. dollar interest, get daily payouts, and transfer money anytime.