A significant step toward institutional crypto adoption: Deribit and Crypto.com have accepted the BUIDL token as eligible trading collateral.
BUIDL Token as Margin Collateral
Deribit and Crypto.com have begun accepting a tokenized version of the U.S. Treasury fund — BUIDL — as eligible margin collateral for trading. This token allows users to earn yield on-chain from short-term Treasuries while remaining liquid.
Advantages of Tokenized Assets
Hedge funds and other professional traders can now post stable, low-volatility assets as margin for leveraged trades. This reduces their risk exposure while still earning yield. BUIDL, launched by BlackRock in March 2024 on the Ethereum network, represents a tokenized fund that tracks real-world U.S. Treasuries.
Impact on Crypto Market
This integration is more than a technical change — it’s a paradigm shift. Traders now gain access to real-world yield while keeping capital active in markets. Exchanges benefit from reduced counterparty risk through stable collateral. The move highlights the growing role of tokenized real-world assets (RWAs) in crypto infrastructure.
As tokenized finance matures, yield-bearing instruments like BUIDL are poised to become standard collateral in both CeFi and DeFi ecosystems.
