BlackRock’s BUIDL Fund Accepted as Collateral by Crypto.com and Deribit
Crypto.com and Deribit will accept BlackRock’s USD Institutional Digital Fund (BUIDL) as collateral. This enables users to utilize a stable, yield-bearing asset instead of traditional stablecoins or volatile cryptocurrencies.
Key Points:
- Dual Benefits: BUIDL provides stability backed by government debt and approximately 4.5% annual yield, surpassing many bank savings rates while minimizing collateral risk.
- Institutional Appeal: Exchanges can lower collateral requirements due to BUIDL’s stability. Institutions holding dollars can earn yield without sacrificing capital. Deribit’s CEO indicates that 80–85% of their business is institutional.
- RWA Momentum: The real-world asset tokenization market has approached $24 billion on-chain, growing over 50% in 2025. BUIDL accounts for about 12% of this market, with Ethereum representing around 60%.
This development highlights a shift toward tokenized real-world assets competing with stablecoins, offering programmable productive capital. Launched in March 2024, BUIDL has gained $2.9 billion in assets under management.
Using BUIDL as collateral allows traders to free up funds for active use while earning yield, enhancing conventional collateral options.