Major Crypto Platforms to Accept BlackRock’s Money Market Fund BUIDL as Collateral

BlackRock’s first public blockchain-based money market fund, BUIDL (launched in partnership with tokenization platform Securitize), is about to be recognized as a collateral asset on the Deribit trading platform. This means that institutions and professional traders can now use yield-generating, blockchain-native U.S. Treasury tokens as trading margin. Given BUIDL’s combination of low volatility (currently offering an annualized yield of around 4.5%) and income-generating features, the exchange can lower minimum collateral requirements, freeing up more capital for other investments. (Forbes)