The issuer Securitization said the largest marker, the Blackrock USD Institutional Digital Liquidity Fund (BUIDL), can now be used as collateral for the two most active cryptocurrency trading platforms, Crypto.com and Deribit. Press release.
These listings allow institutional traders to publish Buidl tokens as profits from leveraged trading on both exchanges, while also earning yields on the underlying tokens.
The tokenized fiscal market is one of the fastest growing sectors of tokenized assets, growing about 400% over the past year to reach a market cap of over $7 billion, rwa.xyz data exhibit. These tokens make investors like money market funds, but without leaving the blockchain environment. They are also increasingly used as collateral for transactions.
Buidl has $2.9 billion in assets, the largest of the marked fiscal funds and is backed by a short-term portfolio that bears cash and U.S. Treasury bonds.
“The tokenized treasury is actively used to improve capital efficiency and risk management in some of the industry’s most complex trading venues, while still providing yields,” said Carlos Domingo, CEO of Securitization. “The (BuIDL) funds are growing from load-bearing tokens to a core component of the infrastructure in the crypto market.”
