BlackRock's first blockchain money market fund BUIDL will become a recognized staked asset on the trading platform.

[Blockchain Pulse] On June 18, it was reported that BlackRock's first money market fund based on public blockchain, BUIDL (launched in collaboration with tokenization firm Securitize), is about to become an accepted staking asset on certain exchanges. This means that institutions and professional traders can now use interest-bearing, blockchain-native U.S. Treasury token as Trading Margin. Due to BUIDL's low Fluctuation (current annual yield of about 4.5%) and yield attributes, exchanges can drop the minimum staking requirements, releasing more funds for other investments.

Since its launch in March 2024, the BUIDL management scale has grown to $2.9 billion. Its main holders include the real-world asset tokenization platform Ondo Finance and the stablecoin USDe issuer Ethena Labs.

The president and COO of a certain exchange platform stated that this trading platform, which serves over 140 million users, will open BUIDL staking to institutional clients in selected jurisdictions, covering a full range of services including spot, leverage, derivatives, and over-the-counter trading. The certain exchange platform—one of the top crypto options trading platforms with a trading volume exceeding 1.1 trillion USD in 2024—will allow institutional clients to use BUIDL as margin for futures options trading and will launch spot trading. Historically, the vast majority of collateral on this platform has been Bitcoin.

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DancingCandlesvip
· 19h ago
Bull, annualized 4.5, very fragrant.
Reply0
MevWhisperervip
· 06-18 13:18
Old Bei finally took action.
Reply0
FalseProfitProphetvip
· 06-18 13:18
BlackRock really understands.
Reply0
SelfCustodyBrovip
· 06-18 13:03
Capital came smelling the scent.
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