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BlackRock’s $2.9B tokenized money market fund (BUIDL) is now accepted as collateral on major crypto exchanges Deribit and Crypto.com. This move allows traders to use the yield-bearing asset for leveraged positions, unlocking capital efficiency. The integration signals growing adoption of tokenized securities in DeFi.
- BUIDL's $2.9B tokenized fund now accepted as collateral on Deribit and Crypto.com exchanges
- Enables traders to use yield-bearing asset for leveraged positions while freeing capital
- Signals growing adoption of tokenized securities as 'programmable productive capital' in DeFi
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