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Mainstream Crypto Platforms to Accept BlackRock Money Market Fund BUIDL as Collateral Asset
Summary: According to reports, the first money market fund based on public blockchain issued by BlackRock, BUIDL (launched in partnership with tokenization firm Securitize), is set to become an accepted collateral asset on trading platforms Crypto.com and Deribit. This means that institutions and professional traders can now use interest-bearing, blockchain-native US Treasury token as trading margin. ...
According to reports, the first money market fund based on public blockchain issued by BlackRock, BUIDL (launched in partnership with tokenization firm Securitize), is set to become an accepted collateral asset on trading platforms Crypto.com and Deribit. This means that institutions and professional traders can now use interest-bearing, blockchain-native US Treasury token as trading margin. Due to BUIDL's combination of low volatility (current annualized yield around 4.5%) and income properties, exchanges can lower the minimum collateral requirements, freeing up more funds for other investments. (Forbes)
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Link: Mainstream Crypto Platforms to Accept BlackRock Money Market Fund BUIDL as Collateral Asset [Copy]
