BlackRock’s BUIDL Fund Breaks Barriers: Now Accepted as Collateral on Crypto.com and Deribit
Wall Street meets DeFi—again. BlackRock’s BUIDL Fund just got a major credibility boost, landing collateral status on two crypto heavyweights: Crypto.com and Deribit. Traders, start your engines.
Why it matters: When traditional finance’s $10 trillion gorilla starts playing in crypto’s sandbox, the rules change. Suddenly, your grandma’s bond portfolio could indirectly back your leveraged BTC trades. Irony tastes like lambo dreams.
The fine print: No new assets added—just fresh utility for BUIDL’s existing tokens. But let’s be real: in a market where ‘collateral’ sometimes means ‘three NFT monkeys and a prayer,’ BlackRock’s stamp of approval moves the needle.
Bottom line: The institutions aren’t coming. They’re here—and they’re rewriting the playbook. Just don’t expect them to care about your 100x shitcoin moonshot. (There goes another ‘decentralized’ fantasy.)
BUIDL’s 4.5% Yield Offers Traders Capital Efficiency Without Volatility
Currently yielding around 4.5% annually, BUIDL gives traders a way to earn while they wait and opens the door to lower margin requirements.
“This is a major turning point,” Michael Sonnenshein, COO of Securitize, which partnered with BlackRock to issue BUIDL onchain, told Forbes.
“Tokenized securities are evolving from passive capital to programmable, productive assets.”
BUIDL launched in March 2024 and has already attracted $2.9 billion in assets.
Its largest holders include Ondo Finance and Ethena Labs, two key players in the real-world asset (RWA) and stablecoin space. Now, its footprint is expanding into crypto’s trading core.
Crypto.com, which serves over 140 million users, plans to offer BUIDL as collateral across spot, margin, derivatives, and OTC services for institutional clients in select jurisdictions.
Deribit, the world’s largest crypto options exchange, will support BUIDL for futures and options trading, as well as on its spot exchange. Until now, most of Deribit’s collateral has been in Bitcoin.
Big news!@BlackRock’s tokenized U.S. Treasury fund, $BUIDL, issued via @Securitize, is now live on Deribit.
Trade it. Earn yield. Use it as collateral.
0% spot feesDaily rewards on holdingsUse it as cross-collateral from 20 June
Learn more
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“For us, it’s about choice and efficiency,” said Deribit CEO Luuk Strijers. “The majority of our users are institutional, and many hold cash, not crypto. They don’t want to lose yield just to get access to leverage.”
The MOVE may have wider implications. Coinbase is currently acquiring Deribit in a $2.9 billion deal.
If completed, it could bring BUIDL’s use case into Coinbase’s broader infrastructure, accelerating the presence of tokenized Treasurys across U.S. markets and crypto trading platforms alike.
Tokenization Market Could Reach $16T by 2030
A report by the Global Financial Markets Association (GFMA) and Boston Consulting Group estimates the global value of tokenized illiquid assets will reach $16 trillion by 2030.
Even more conservative estimates from Citigroup suggest that $4 trillion to $5 trillion worth of tokenized digital securities could be minted by 2030.
Recognizing this potential, major companies are making significant moves in the tokenization space.
Goldman Sachs, for instance, plans to launch three new tokenization products later this year, driven by growing client interest.
Some protocols have played a significant role in driving this growth, particularly in terms of active users.
Digital carbon market platforms like Toucan and KlimaDAO, as well as the real estate tokenization protocol Propy, have experienced substantial user growth.
