Crypto exchanges Deribit and Crypto.com have decided to accept BlackRock's tokenized treasury fund as collateral for institutional and experienced clients.
Introduction
The market for tokenized assets continues to grow, with two major players in the cryptocurrency space, Deribit and Crypto.com, starting to accept BlackRock's tokenized bonds. This initiative involves using a low-volatility digital instrument as collateral for margin trading.
Acceptance of Tokenized Bonds
Institutional traders will be able to use BlackRock's tokenized fund as collateral, which lowers margin requirements for leveraged trading. This information was confirmed by Forbes. The integration of tokenized assets is also expected to impact trading conditions on these platforms.
Market Development of Tokenized Assets
Tokenized treasury bonds are starting to emerge as an alternative to traditional stablecoins thanks to their yield-bearing properties. BlackRock is planning to integrate its assets as collateral across crypto derivatives platforms and centralized exchanges. However, concerns about centralization and financial risks related to these assets remain.
The acceptance of BlackRock's tokenized bonds on Deribit and Crypto.com highlights the growing convergence between cryptocurrencies and traditional financial assets. The development of this segment could significantly affect the market for tokenized assets and margin trading.
