Headline: BlackRocks $2.5 Billion BUIDL Fund Expands into the BNB Chain Ecosystem Translation: BlackRocks $2.5 Billion BUIDL Fund Expands into the BNB Chain Ecosystem

The BUIDL tokenized money market fund from BlackRock has expanded its operations to the BNB Chain blockchain ecosystem.

The product issued by the Securitize platform is among the leaders in the RWA segment by market capitalization, boasting approximately $2.5 billion. BUIDL maintains assets in US dollars, short-term Treasury bills, and REPurchase agreements.

Initially launched on Ethereum, the fund is also operating within the layer one networks of Aptos, Avalanche, Solana, as well as layer two solutions like Arbitrum, Polygon, and Optimism. The integration with BNB Chain will enable BUIDL investors to utilize the asset in decentralized finance (DeFi) applications of the ecosystem, enhancing its operational cross-chain compatibility.

Additionally, BUIDL will serve as over-the-counter collateral for trading on Binance. The ability to place tokens with a custodial partner outside the platform will provide institutional traders with greater flexibility in utilizing yield-bearing assets, according to the companies.

«By leveraging BUIDL as collateral within leading digital market infrastructure, we are facilitating the integration of fundamental elements of traditional finance into the on-chain finance sector,» emphasized Robbie Mitchnik, head of digital assets at BlackRock.

Analysts from Standard Chartered estimate that by 2028, the total market value of tokenized real-world assets, excluding stablecoins, will increase to $2 trillion. According to RWA.xyz, the current figure stands at around $36 billion. The market capitalization of stablecoins surpassed $300 billion approximately two months ago.

As a reminder, in October, the Chinese bank China Merchants Bank tokenized a money fund valued at $3.8 billion on the BNB Chain.