BlackRock Expands BUIDL on BNB Chain

BlackRock's BUIDL fund reportedly added 60% on BNB Chain in seven days, reaching approximately $272 million in tokenized assets. The allocation represents more than 13% of BUIDL's reported assets, giving BNB Chain a larger position in institutional tokenization. The expansion follows Binance's reported security breach, although exchange security and BNB Chain infrastructure remain separate issues. BUIDL deployment on BNB Chain has accelerated, bringing more of BlackRock's tokenized Treasury fund onto the network. The growth places institutional blockchain adoption back in focus. BlackRock's BUIDL Allocation Rises Sharply ALLINCRYPTO (@RealAllinCrypto) reported that BUIDL's allocation on BNB Chain increased 60% within seven days.

Source: CryptoNewsLand