BlackRock is engaging in discussions to list its tokenized money market fund, BUIDL, as collateral for derivatives trading on major crypto exchanges, enhancing liquidity options.
The integration of tokenized money market funds for trading collateral allows users to earn yields while using their assets, a shift from traditional stablecoin collateral.
BlackRock's moves to tokenize assets and collaborate with exchanges like Binance and OKX has garnered attention, leading to a notable 8% spike in Ondo's governance token values.
With BUIDL demonstrating over $550 million in assets, its introduction as collateral in crypto derivatives could signal a significant evolution in how assets are utilized in trading.
Collection
[
|
...
]