BlackRock’s BUIDL, Tokenized by Securitize, Accepted as Collateral on Crypto.com and Deribit
BUIDL becomes the first tokenized U.S. Treasury fund to be accepted as collateral across multiple leading exchanges
Securitize, the leading platform for tokenizing real-world assets, announced that the BlackRock USD Institutional Digital Liquidity Fund (“BUIDL”), will now be accepted as collateral on two of the most active crypto exchanges in the world: Crypto.com and Deribit, cementing its role as a foundational building block in on-chain finance.
“With BUIDL now accepted as collateral on Crypto.com and Deribit, the fund is evolving from a yield-bearing token into a core component of crypto market infrastructure,” said Carlos Domingo, Co-Founder and CEO of Securitize. “Tokenized Treasuries are being actively used to improve capital efficiency and risk management across some of the industry’s most sophisticated trading venues, while still offering yield.”
BUIDL’s liquidity is also bolstered by Ethena Labs’ recently launched USDtb Liquidity Fund, allowing investors to swap BUIDL for the USDtb stablecoin. USDtb’s integration creates new possibilities for BUIDL holders to unlock stable liquidity, maintain on-chain yield exposure, and access a broader range of DeFi strategies to deepen the utility of tokenized securities.
The Crypto.com Exchange, a top global exchange platform for advanced and institutional users, now allows qualified institutional clients and advanced traders to post BUIDL as collateral.
“Providing advanced and institutional traders the best possible trading experience is our continuous goal with the Crypto.com Exchange,” said Eric Anziani, President and COO of Crypto.com. “BUIDL is a leading tokenized fund, and we’re excited to give our users the ability to unlock more trading opportunities by using it as collateral.”
Deribit, the world’s largest crypto options exchange by volume, is also joining this wave of adoption. Institutional clients on Deribit will now be able to post BUIDL as collateral for trading futures and options, creating more flexibility in capital allocation while benefiting from the relative price stability of tokenized Treasuries. In connection with this functionality, Deribit will enable users to trade BUIDL on its exchange, further expanding exposure to its global user base.
“This collaboration signifies a pivotal advancement in the crypto derivatives market, offering our clients increased exposure to the largest tokenized short-term treasury fund in the world,” said Luuk Strijers, Chief Executive Officer at Deribit. “By incorporating BUIDL, we aim to enhance trading efficiency and provide our users with diversified collateral options, reflecting our commitment to innovation and meeting the evolving needs of institutional investors.”
To learn more about BUIDL, visit securitize.io/invest.