Binance Institutional now accepts BlackRock's BUIDL as collateral for OTC settlements. This is a big deal, but I haven’t seen much discussion about it on X— Essentially, this move by Binance is like directly integrating the 'on-chain treasury yield product' of the world’s largest asset manager into the institutional system of the exchange. FYI, BUIDL is the largest RWA fund with a scale of $2.5 billion. The process: assets are held in third-party custody → generate continuous yields → can also be traded on the exchange. This is exactly the compliance and risk control path that institutions care about most. With Binance integrating this, it marks the first time high-quality assets from traditional finance have been seamlessly connected to the crypto trading system. Long-term bullish! I’d call this a landmark event signaling the transition of RWA from the storytelling phase to the capital inflow phase.