Major crypto exchanges accept BlackRock’s Buidl Fund as collateral

BlackRock’s industry-leading USD Institutional Digital Fund (BUIDL) will be accepted as the two largest exchanges in the industry on Crypto.com and Deribit.

Michael Sonnenshein of Securities COO said the move marked a “main turning point” as it offers an option for another option offered by collateral.

Buidl is BlackRock’s first tokenized money market fund for Ethereum, backed partly by U.S. Treasury bonds. It enables these traditional financial products to be traded as crypto tokens on the blockchain.

Blackrock’s $2.9B Token Finance Fund $ bidd Now resides on deribit and is accepted as collateral for load bearing.

Read more by @forbes ⤵️Https://t.co/ldcff98llv

– deribit (@deribitoffical) June 18, 2025

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Traditionally, crypto investors face a difficult choice when posting collateral on exchange and loan platforms. They can use stablecoins that do not generate huge returns, or volatile crypto assets that have the potential to amplify losses during market recessions.

There is now a third option that is both stable and yielding production.

Buidl currently pays about 4.5% per year, which is better than most high street banks and remains stable.

Furthermore, due to the less risk, the exchange can provide lower minimum collateral requirements, and investors can earn the collateral instead of leaving it idle, while more capital can be released for actual transactions.

“We really are not only starting to see emergencies, but also seeing tokenized securities become solid challenges, common ground in the crypto ecosystem,” Sonnenshein said.

“Now, they will be the production capital we consider programmable, rather than a passive investment vehicle for only yield or safe park capital.”

Since its launch in March 2024, Buidl has grown its managed assets to $2.9 billion.

Meanwhile, Crypto.com will be available to institutional clients of all trading services, while Deribit is acquired by Coinbase (which will be accepted soon) and will accept it for futures and options trading.

Deribit CEO Luuk Strijers said 80 to 85% of the company’s business is institutional, “We are getting more of these traditional companies that don’t necessarily hold a lot of cryptocurrencies but hold a lot of dollars and don’t want to miss out on the gains.”

RWA Token Outlook

According to RWA.XYZ, the tagged real-world industry is currently slightly below the record $24 billion oonChain.

It has grown more than 50% since the beginning of the year, and Buidl has the largest asset market share, accounting for 12% of the total.

Ethereum remains the industry standard for RWA, with a network market share of nearly 60%.