BlackRock’s $2.9B Tokenized Treasury Fund BUIDL Accepted as Collateral on Exchanges
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) can now be used as collateral on Crypto.com and Deribit, according to issuer Securitize. This development enables institutional traders to leverage BUIDL tokens for margin trading while earning yield on the underlying assets.
- The tokenized Treasury market has grown by 400% in the past year, reaching over $7 billion in market capitalization.
- BUIDL, with $2.9 billion in assets, is the largest tokenized Treasury fund, backed by cash and U.S. Treasuries.
- Tokenized Treasuries enhance capital efficiency and risk management in trading environments.
Securitize's CEO noted the evolving role of BUIDL as a key element in crypto market infrastructure.