Coinpaprika 2025-06-20 06:34:45

BlackRock’s BUIDL Fund Now Accepted as Collateral on Top Crypto Exchanges

Crypto.com and Deribit recently announced they will accept BlackRock’s USD Institutional Digital Fund (BUIDL)—a tokenized money market fund backed by US Treasuries—as collateral. This marks a major shift, allowing users to post a stable , yield-bearing asset instead of traditional stablecoins or volatile crypto. Key Points: Dual Benefits: BUIDL offers stability backed by government debt and an attractive ~4.5% annual yield—higher than many bank savings rates—while reducing collateral risk. Institutional Appeal: Exchanges can lower collateral requirements due to BUIDL’s stability. Institutions holding dollars—not crypto—can now earn yield without giving up capital. Deribit's CEO notes around 80–85% of their business is institutional. RWA Momentum: The real-world asset tokenization space has nearly hit $24 billion on-chain, growing over 50% in 2025. BUIDL holds about 12% of this market, with Ethereum as the dominant platform (≈60%). This step signals a broader shift toward tokenized real-world assets rivaling stablecoins, offering "programmable productive capital" instead of just passive stores of value. BUIDL, launched in March 2024, has amassed $2.9 billion in assets under management and continues to gain traction. Ultimately, using BUIDL as collateral lets traders free up funds for active use while earning yield, a significant upgrade from the conventional collateral options.