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Crypto Potato 2025-06-20 03:41:07

Major Crypto Exchanges to Accept BlackRock’s BUIDL Fund as Collateral

BlackRock’s industry-leading USD Institutional Digital Fund (BUIDL) will become accepted as collateral on Crypto.com and Deribit, two of the industry’s largest exchanges. The move marks a “major turning point,” said Michael Sonnenshein, COO at Securitize, as it provides another option for collateral provision, reported Forbes on June 18. BUIDL is BlackRock’s first Ethereum-based tokenized money market fund backed in part by US Treasuries. It enables these traditional financial products to be traded as cryptographic tokens on blockchains. BlackRock’s $2.9B tokenized Treasury fund $BUIDL is now live on Deribit, and accepted as yield-bearing collateral. Read more via @Forbes https://t.co/ldcFF98lLV — Deribit (@DeribitOfficial) June 18, 2025 Keep on BUIDLing Crypto investors have traditionally faced a difficult choice when posting collateral on exchanges and lending platforms. They can use stablecoins that don’t generate big returns, or volatile crypto assets that risk amplifying losses during market downturns. There is now a third option that is both stable and yield-generating. BUIDL currently pays around 4.5% annually, which is better than most high street banks, and it also maintains stability. Additionally, exchanges can offer lower minimum collateral requirements since it’s less risky, and investors can earn yield on their collateral instead of leaving it idle while more capital is freed up for actual trading. “We’re really starting to see not just the emergence but a real solidification of tokenized securities becoming a challenger to stablecoins as the common denominator across the crypto ecosystem,” Sonnenshein said. “They’re now becoming what we would consider programmable productive capital, as opposed to just a passive investment instrument used for yield or a safe place to park capital.” BUIDL has grown to $2.9 billion in assets under management since launching in March 2024. Meanwhile, Crypto.com will offer it to institutional clients across all trading services, and Deribit, which was acquired by Coinbase, where it will soon be accepted, will accept it for futures and options trading. Deribit CEO Luuk Strijers said 80% to 85% of the firm’s business is institutional, “and we are getting more of these traditional firms that don’t necessarily hold a lot of crypto but hold a lot of dollars and don’t want to miss out on yield.” RWA Tokenization Outlook The tokenized real-world-asset sector currently has just shy of a record $24 billion tokenized onchain, according to RWA.xyz. It has seen more than 50% growth since the beginning of this year, and BUIDL has the largest asset market share with 12% of the total. Ethereum remains the industry standard for tokenized RWA with a network market share of almost 60%. The post Major Crypto Exchanges to Accept BlackRock’s BUIDL Fund as Collateral appeared first on CryptoPotato .

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