According to Wu Shuo's report and Forbes, the BUIDL fund, launched through a collaboration between asset management company BlackRock and asset tokenization firm Securitize, has now been accepted as compliant collateral by two major trading platforms, Cryptocom and Deribit. This means that institutions and professional traders can use this type of "yield-bearing on-chain USD assets" as margin for spot, leveraged, futures, and options trading.

Wu Shuo learned that, according to Forbes, the asset management company BlackRock and the asset tokenization company Securitize have jointly launched the BUIDL fund, which has now been accepted as compliant collateral by the two major trading platforms, Cryptocom and Deribit. This means that institutions and professional traders can use this type of "yield-bearing on-chain USD asset" as margin for spot, leveraged, futures, and options trading.

BlackRock Money Market Fund BUIDL Can Be Used as Margin for Contracts and Options Trading for the First Time