BlackRock’s BUIDL, a $2.9B Ethereum-based tokenized money market fund, is now accepted as collateral on Crypto.com and Deribit, providing a stable and yield-generating option for investors. The fund, which pays around 4.5% annually, bridges traditional finance and crypto by enabling US Treasury-backed tokens to be used in DeFi. This development reflects the rapid growth of the RWA sector, which has surged over 50% this year, with BUIDL holding a 12% market share. Ethereum remains the dominant platform for RWA tokenization, capturing nearly 60% of the market. The move signals a shift toward programmable, productive capital in crypto, challenging stablecoins as the primary collateral choice.
about BlackRock's BUIDL Now Collateral on Major Crypto ExchangesMichael Sonnenshein
0 posts last weekBlackRock’s BUIDL Fund Now Collateral on Crypto Exchanges
BlackRock’s tokenized money market fund BUIDL, launched in March 2024 with $2.9B in assets, will now be accepted as collateral by crypto exchanges Deribit and Crypto.com. This development enables traders to use the yield-bearing stablecoin for security deposits, freeing up capital for other uses. The integration marks a significant step for tokenized securities, positioning them as programmable productive capital rather than passive instruments. BUIDL has expanded across multiple blockchains including Arbitrum, Optimism, and Polygon. While Crypto.com will offer BUIDL to institutional clients in select jurisdictions, Deribit will list it on its spot exchange. The report also suggests BUIDL may soon be available on Coinbase as it acquires Deribit. Industry experts view this as a turning point for tokenized assets challenging stablecoins’ dominance in crypto markets.
about BlackRock's BUIDL Fund Now Collateral on Crypto ExchangesWhy Crypto Leaders Underestimate Real Estate Tokenization
Darren Carvalho, Co-Founder of MetaWealth, challenges crypto leaders like Securitize’s Michael Sonnenshein for underestimating real estate tokenization’s transformative potential. Despite being the world’s largest asset class ($654T+), real estate is often dismissed as sub-optimal for tokenization. Carvalho argues that tokenization goes beyond liquidity—it democratizes access, reduces inefficiencies, and reshapes wealth creation. The debate highlights a divide between traditional crypto perspectives and the broader financial revolution blockchain enables.
about Why Crypto Leaders Underestimate Real Estate TokenizationGBTC Outearns All Bitcoin ETFs Combined Despite High Fees
Grayscale’s Bitcoin Trust ETF (GBTC) remains the revenue leader among Bitcoin ETFs, earning $268.5 million annually with a 1.5% fee—far outpacing competitors like BlackRock’s IBIT, which manages more assets but generates less revenue due to lower fees. Despite significant outflows since spot Bitcoin ETFs launched in early 2024, GBTC’s fee structure and brand recognition sustain its dominance. Tax implications deter investors from switching to cheaper alternatives, though Grayscale has introduced a lower-cost Bitcoin Mini Trust (BTC) to stay competitive. The fund’s success stems from its early market entry and a landmark legal victory allowing its conversion from a trust to an ETF.
about GBTC Outearns All Bitcoin ETFs Combined Despite High FeesTokenized Real Estate to Hit $4T by 2035: Deloitte
A Deloitte report projects that tokenized real estate could grow from under $300 billion in 2024 to over $4 trillion by 2035, with a 27% CAGR. Blockchain adoption, post-pandemic trends, and demand for fractional ownership are key drivers. Experts highlight benefits like liquidity and regulatory evolution, though skeptics argue real estate may not be the ideal starting point for tokenization. The sector also sees tailwinds from trade uncertainties, with tokenized gold volumes hitting $1 billion amid tariff concerns. Regulatory clarity is expected to follow usage growth, mirroring Uber’s trajectory.
about Tokenized Real Estate to Hit $4T by 2035: Deloitte