BlackRock’s BUIDL Fund Breaks Barriers: Now Live as Collateral on Crypto.com and Deribit

Wall Street meets DeFi—again. BlackRock’s BUIDL fund just punched its ticket to crypto’s big leagues, now accepted as collateral on two major platforms.

The institutional domino effect

Crypto.com and Deribit didn’t just open the gates—they rolled out the red carpet. Suddenly that ‘uncorrelated asset’ talk gets real when TradFi’s $10T gorilla starts playing with blockchain legos.

Collateral damage? More like collateral advantage

Forget stablecoins—now you can post BlackRock’s tokenized treasury shares as margin. Because nothing screams decentralization like borrowing against Larry Fink’s balance sheet (we kid… mostly).

This isn’t your 2021 crypto winter. With institutions finally building instead of just talking, the real test begins: Will they HODL when volatility strikes?

TLDR

• Crypto.com and Deribit now accept BlackRock’s BUIDL Fund for institutional trading.

• BUIDL brings stable yield and low risk to crypto collateral frameworks.

• Traders can now use yield-bearing BUIDL instead of idle or volatile assets.

• BUIDL approved for options, futures, and spot trading on the world’s top derivatives exchange.

• $2.9B fund now powers on-chain trading with yield, stability, and institutional support.

BlackRock’s BUIDL Fund has been approved as collateral on both Crypto.com and Deribit, two leading global crypto exchanges. This marks a key step for tokenized U.S. Treasurys as they move into core trading infrastructure. The decision enables capital efficiency by offering users a stable, yield-bearing asset as an alternative to traditional collateral.

Crypto.com Unlocks BUIDL Fund for Institutional Collateral Use

Crypto.com has confirmed support for the BUIDL Fund as collateral across its trading services, including spot, margin, derivatives, and over-the-counter markets. The integration applies to institutional clients in select jurisdictions.

https://t.co/8hjpoxjYcL, Deribit to accept BlackRock's BUIDL tokenized fund as collateral

Crypto exchanges @cryptocom and @DeribitOfficial will accept @BlackRock's tokenized fund BUIDL as collateral, allowing institutional clients to use it for spot, margin, derivatives and…

— CoinNess Global (@CoinnessGL) June 18, 2025

Crypto.com enhances its offering to large trading entities seeking more capital flexibility. Traditional crypto collateral, often volatile or idle, limited how much traders could leverage. The platform allows users to deploy yield-bearing, blockchain-native U.S. Treasurys.

The fund currently delivers 4.5% in annual yield, adding financial productivity to collateral locked during trades. This change aims to improves margin efficiency while preserving liquidity for other trading activity. Crypto.com continues to optimize collateral options to meet evolving demands from sophisticated participants.

Deribit Adds BUIDL Fund to Derivatives Collateral Framework

Deribit, the largest crypto options exchange by trading volume, accepts BUIDL Fund as eligible collateral for futures and options. The exchange will also list the token on its spot market, increasing its visibility and tradability.

The inclusion offers institutional clients a more stable alternative to Bitcoin or Ether for managing margin requirements. Since BUIDL Fund maintains low price volatility and generates yield it brings reduced collateral risk and capital utilization.

This decision aligns with Deribit’s effort to support professional-grade trading tools tailored to institutions that seek both performance and safety. The MOVE opens access for firms holding U.S. dollars but lacking crypto exposure. Deribit expects this change to support broader participation in derivatives trading.

BUIDL Fund Bridges Stable Yield and On-Chain Flexibility

The BUIDL Fund, launched by BlackRock and tokenized by Securitize, has reached $2.9 billion in assets. Key holders include Ondo Finance and Ethena Labs with firms actively building on tokenized asset infrastructure.

Traditionally, market participants had to choose between earning no yield on stablecoins or risking losses with volatile crypto as collateral. BUIDL Fund offers a third option combining price stability, on-chain accessibility, and steady income from U.S. Treasurys.

With adoption by both Crypto.com and Deribit, BUIDL Fund is now embedded into mainstream exchange functionality. As a result, more firms can maintain yield exposure while actively engaging in the digital asset market. This shift could lead to broader use of tokenized Treasurys across the industry.

Industry-Wide Momentum for Tokenized Securities Strengthens

Securitize leads this transformation by enabling BUIDL Fund to integrate with live market infrastructure. This evolution repositions tokenized Treasurys from passive investments into programmable financial instruments.

BUIDL Fund earns interest and supports real trading activity without introducing volatility into collateral calculations. Consequently, trading venues can lower margin thresholds and boost trader efficiency without sacrificing stability.

With Coinbase currently working to acquire Deribit, BUIDL Fund could soon expand into Coinbase’s broader ecosystem. This development may accelerate adoption of tokenized securities across major crypto networks.