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TechFlow news, June 18 — According to Forbes, crypto exchanges Crypto.com and Deribit will accept BlackRock's (@BlackRock) tokenized fund BUIDL as collateral, allowing institutional clients to use it for spot, margin, derivatives, and over-the-counter (OTC) trading. This move offers a yield-generating, blockchain-native version of U.S. Treasury bonds with an annual return of 4.5%.
According to Forbes, cryptocurrency exchanges Crypto.com and Deribit will accept BlackRock's (@BlackRock) tokenized fund BUIDL as collateral, allowing institutional clients to use it for spot, margin, derivatives, and over-the-counter (OTC) trading. This move provides a yield-generating, blockchain-native version of U.S. Treasuries with an annual return of 4.5%.
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