BlackRock’s $2.5 billion BUIDL fund launches on major crypto exchanges, custodied by Standard Chartered, with Gate News coverage, April 28 — BlackRock Inc. has launched its approximately $2.5 billion institutional digital liquidity fund (ticker BUIDL) on a major cryptocurrency exchange. Standard Chartered Plc serves as the regulated custodian for the underlying assets. This move signals a further convergence between traditional Gate News infrastructure and the digital asset market. Under this arrangement, the BUIDL token is held with regulated custody by Standard Chartered, while also being presented on the exchange in the form of available collateral, allowing traders to use the fund as margin collateral and continue earning interest—thereby eliminating idle cash holdings.

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