Crypto.com and Deribit have initiated the acceptance of BlackRock's tokenized fund BUIDL as collateral, significantly impacting liquidity in the crypto market.
Introduction to BlackRock's Tokenized Fund BUIDL
As of June 18, 2025, Crypto.com and Deribit started accepting BlackRock's tokenized fund BUIDL as collateral. This move aims to enhance engagement between institutional clients and the crypto market.
BUIDL: A New Collateral for Institutional Clients
The mechanism of using BUIDL as collateral opens up new opportunities for institutional clients, providing a collateral option with an annual yield of 4.5%. The minimum allocation is $5 million.
Future of Tokenized Assets in Crypto Markets
Experts noted that the trend towards using tokenized assets such as BUIDL may change the traditional liquidity model in the crypto market. It is expected to draw new capital into decentralized systems.
Thus, the BlackRock tokenized fund BUIDL may become a vital element in trading strategies and investments in the crypto market, offering new opportunities for institutional investors.
