Major Crypto Exchanges To Accept BlackRock’s $2.9 Billion Tokenized Money Market Fund As Collateral
Summary by Forbes
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BlackRock BUIDL Fund Secures Bold Adoption By Crypto.com And Deribit
BlackRock’s BUIDL fund is now accepted as collateral by Crypto.com and Deribit. BUIDL offers a 4.5% yield with low volatility, improving trading capital efficiency. Deribit integration aligns with Coinbase’s potential $2.9B acquisition deal. BlackRock’s BUIDL fund, a tokenized money market fund backed by U.S. Treasurys, is quickly establishing itself as a transformative force in the crypto trading landscape. In a groundbreaking move, leading exc…


BUIDL as collateral? Another step in the tokenization story
Deribit, Crypto[dot]com will allow institutions to post BlackRock’s tokenized money market fund as collateral.
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