Binance Completes $1B SAFU Conversion Into Bitcoin

SAFU fund asset conversion completed

Binance said it has finalized the conversion of its Secure Asset Fund for Users, or SAFU, into BTC, completing a $1 billion transition first announced last month.

The crypto exchange confirmed it purchased a final tranche of 4,545 BTC on Thursday. SAFU now holds 15,000 BTC, worth $1,005,000,000 USD at the time of completion (calculated at a BTC price of $67,000).

SAFU BTC Address: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD

See Binance’s statement https://x.com/binance/status/2021840377104527724

Hong Kong allowing licensed perpetual swap

Financial regulators in Hong Kong are going to unveil a framework for trading platforms to offer perpetual contracts, the head of the region's Securities and Futures Commission said Wednesday.

Brokers in Hong Kong will soon be able to provide financing to clients backed by BTC and ETH and platforms will be able to offer market-making through independent units, said Julia Leung, the CEO of Hong Kong's SFC at Consensus Hong Kong conference.

While the SFC plans to share more details later, the moves are part of the regulator's broader push to let regulated firms offer more products and services, Leung said, following on its 2025 roadmap which included an effort to develop the local crypto market.

Blackrock BUIDL trading on Uniswap

BlackRock is deepening its presence in decentralized finance, enabling onchain trading of its tokenized Treasury fund, BUIDL, through a collaboration with Uniswap Labs and Securitize.

The integration will make shares of BlackRock USD Institutional Digital Liquidity Fund, known as BUIDL, available to eligible investors via UniswapX technology.

UniswapX is an offchain order routing system developed by Uniswap Labs that aggregates liquidity and settles trades onchain. The broader Uniswap ecosystem is one of the largest decentralized exchanges by cumulative volume and relies on automated market maker smart contracts rather than centralized intermediaries.

See statement: https://securitize.io/learn/press/Uniswap-Labs-and-Securitize-Collaborate-to-Unlock-Liquidity-Option-for-BlackRock-BUIDL

About 1Token:

1Token is a digital asset investment management platform providing Crypto PMS, RMS, and Portfolio Accounting Software, managing over $20 billion in assets for more than 80 clients worldwide.

All-in-one support designed for allocators, portfolio managers, treasury managers and fund operations and accountants, seeking transparency and control.

• Front office (portfolio managers and traders) to view live position and exposure, calculate trading PnL and historical performance.
• Middle office (ops and risk) to maintain portfolios and API accounts, book OTC trades, monitor risk metrics and analyze VaR/STV, generate shadow NAV with investor subscription/redemption/dividend.
• Back office (admin and auditors) to collect and reconcile trades, generate valuation and PnL reporting under FIFO/WAC tax strategy.