{"id":160434,"date":"2025-06-19T19:00:53","date_gmt":"2025-06-19T16:00:53","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=160434"},"modified":"2025-06-19T01:31:31","modified_gmt":"2025-06-18T22:31:31","slug":"blackrocks-buidl-fund-becomes-margin-collateral-on-deribit-and-crypto-com","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/blackrocks-buidl-fund-becomes-margin-collateral-on-deribit-and-crypto-com\/","title":{"rendered":"BlackRock\u2019s BUIDL Fund Becomes Margin Collateral on Deribit and Crypto.com"},"content":{"rendered":"

The upgrade<\/a><\/strong>, still pending CFTC sign-off, lets hedge funds and other pros reduce cash demands when running leveraged strategies.<\/p>\n

Why it matters<\/h3>\n
    \n
  • BUIDL already rules the niche.<\/strong> The fund controls roughly 40 % of the $7.3 billion tokenized-Treasury market, holding about $2.9 billion in on-chain T-bills.<\/li>\n
  • TradFi meets crypto rails.<\/strong> Tokenized Treasuries offer the yield stablecoins lack, deepening the overlap between conventional finance and digital assets.<\/li>\n
  • Coinbase connection.<\/strong> The news lands weeks after Coinbase agreed to buy Deribit for $2.9 billion, a deal expected to funnel more institutions into on-chain fixed-income products.<\/li>\n<\/ul>\n

    Growing but concentrated market<\/h3>\n

    Six issuers\u2014BlackRock, Franklin Templeton, Ondo, Superstate, Centrifuge and Circle\u2014account for nearly 90 % of tokenized U.S. debt, sparking centralization worries. Ethereum hosts the lion\u2019s share, with $5.7 billion of the total.<\/p>\n