A naukri.com initiative
TronWeekly
18h
151
Image Credit: TronWeekly
BlackRock BUIDL Fund Is Reshaping Crypto Collateral Markets
- BlackRock's BUIDL fund, used as trading collateral on Deribit and Crypto.com, holds $2.9 billion in tokenized Treasurys, offering low-volatility returns.
- Coinbase's acquisition of Deribit for $2.9 billion boosts BUIDL's adoption on centralized exchanges.
- BUIDL combines yield-bearing property with low volatility, bridging traditional finance and the digital asset ecosystem.
- Ethereum leads in tokenization with $5.7 billion of the $7.3 billion tokenized Treasuries market stored on its blockchain.
- BlackRock detailed plans to include BUIDL in trading systems like Binance and OKX, expanding its utility.
- BUIDL is praised for increasing market liquidity, asset transferability, and reducing counterparty risk with BlackRock's institutional credibility.
- Six companies, including BlackRock, control over 88% of the tokenized Treasurys market, raising concerns about centralization.
- The convergence between traditional finance and crypto is accelerating, with BUIDL marking a significant milestone.
- Overall, the introduction of BUIDL is reshaping crypto collateral markets and driving greater adoption of tokenized assets.
Read Full Article
9 Likes
For uninterrupted reading, download the app