Deribit and Crypto.com Now Accept BlackRock’s BUIDL as Trading Collateral
In a major step forward for cryptocurrency trading platforms, leading exchanges Deribit and Crypto.com have integrated BlackRock‘s Institutional Digital Liquidity Fund (BUIDL) as eligible collateral. This development enables traders to use tokenized U.S. Treasury securities to meet margin requirements, potentially lowering barriers to leveraged trading positions.
The Rise of Tokenized Treasuries in Crypto Markets
The adoption of tokenized US Treasury products reflects growing convergence between traditional finance and digital assets. BlackRock’s BUIDL fund currently represents about 40% of this emerging market, with $2.9 billion in assets according to RWA.XYZ data. These instruments offer several advantages:
- Provide yield-bearing alternatives to conventional stablecoins
- Demonstrate increasing institutional adoption of blockchain technology
- Showcase Ethereum‘s dominance as the leading platform for tokenized assets
Market Implications and Considerations
While this integration expands opportunities for institutional traders, some industry observers note potential concerns about market concentration. A small group of asset managers including BlackRock, Franklin Templeton, and Circle currently control the majority of tokenized Treasury offerings. Market participants continue to evaluate the long-term implications of this development for decentralized finance ecosystems.
