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 am
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