Binance incorporates BlackRock's BUIDL fund into its institutional offline staking framework

According to a Binance announcement, BlackRock's BUIDL fund, the world's largest tokenized RWA product, has now been incorporated into Binance's institutional offline collateral system, allowing institutional users to use it as over-the-counter custody collateral for trading.

BUIDL will also launch a new share class on the BNB Chain, further promoting the on-chain integration of RWA. Binance stated that this move enables institutions to hold interest-bearing compliant RWA assets in third-party custody while gaining exchange liquidity, achieving higher capital efficiency and reducing counterparty risk.