BlackRock's $2.5B BUIDL Fund Debuts on Major Crypto Exchange with Standard Chartered Custody

Gate News message, April 28 — BlackRock Inc. has launched its approximately $2.5 billion USD Institutional Digital Liquidity Fund (ticker BUIDL) on a major cryptocurrency exchange, with Standard Chartered Plc serving as the regulated custodian of the underlying assets. The move signals deepening convergence between traditional Wall Street infrastructure and digital-asset markets.

Under the arrangement, BUIDL tokens are held in regulated custody at Standard Chartered while appearing as available collateral on the exchange, allowing traders to use the fund as margin collateral while continuing to earn interest—eliminating idle cash holdings.