What to know:
- Ah, the illustrious BlackRock USD Institutional Digital Liquidity Fund (BUIDL) has now graced Crypto.com and Deribit with its presence, as Securitize triumphantly announces.
- Institutional traders can now post BUIDL tokens as margin for leveraged trades, all while earning a yield on the underlying token. Because who doesn’t love a little extra cash on the side? 💸
- In a shocking twist, the tokenized Treasury market has ballooned by nearly 400% in the past year, with BUIDL leading the charge at a staggering $2.9 billion in assets. Who knew money could grow on trees? 🌳
Behold, the largest tokenized U.S. Treasury fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), now accepted as collateral on two of the most bustling crypto trading platforms, Crypto.com and Deribit, as revealed in a Wednesday press release. What a time to be alive!
These listings allow institutional traders to post BUIDL tokens as margin for leveraged trades on those two exchanges, while also earning yield on the underlying token. It’s like a two-for-one deal, but with money! 🎉
The tokenized Treasury market is one of the fastest-growing sectors among tokenized assets, expanding about 400% in the past year to over $7 billion in market capitalization, according to rwa.xyz data. These tokens let investors earn a yield on their idle cash, just like a money market fund, but without the hassle of leaving the blockchain. It’s like a vacation for your money! 🏖️
With $2.9 billion in assets, BUIDL is the largest of the tokenized Treasury funds, backed by a short-term yield-bearing portfolio of cash and U.S. Treasuries. Because why not have your cake and eat it too?
“Tokenized Treasuries are being actively used to improve capital efficiency and risk management across some of the industry’s most sophisticated trading venues, while still offering yield,” Securitize CEO Carlos Domingo said in the statement. “The [BUIDL] fund is evolving from a yield-bearing token into a core component of crypto market infrastructure.” Sounds fancy, doesn’t it? 🤓
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2025-06-18 18:04