BlackRock’s $2.9B Tokenized Treasury Fund Breaks Barriers—Now Live as Collateral on Crypto.com & Deribit

Wall Street meets DeFi—again. BlackRock’s $2.9 billion tokenized treasury fund just got a major utility boost, now accepted as collateral on Crypto.com and Deribit. Traders can finally pledge ‘real-world’ assets to back crypto plays—because nothing says ‘maturity’ like using bonds to leverage altcoin bets.

Why it matters: Institutional liquidity just got a backdoor into crypto markets. The fund—tokenized on Ethereum—bridges the gap between traditional finance and digital asset speculation. No more selling treasuries to margin trade; just lock and load.

The cynical take: Nothing unites old-money and degens quite like collateral optimization. BlackRock earns yield, exchanges get ‘respectable’ assets, and crypto bros keep their bags—everyone wins (until the first liquidation cascade).