Crypto exchanges Crypto.com and Deribit will accept BlackRock's BUIDL fund as collateral.

According to ChainCatcher, Forbes reported that crypto exchanges Crypto.com and Deribit will accept BlackRock's (@BlackRock) tokenized fund BUIDL as collateral, allowing institutional clients to use it for spot trading, margin trading, derivatives, and over-the-counter (OTC) transactions. This move provides a blockchain-native version of U.S. Treasury bonds that can generate yield, with an annual return rate of 4.5%.