BlackRock and Securitize are reportedly in talks to integrate BUIDL as collateral for derivatives trading on Binance, OKX, and Debirit.
Asset manager BlackRock is reportedly pushing its money-market digital token to be used as collateral in cryptocurrency derivatives trading.
According to an Oct. 18 Bloomberg report, the company is in talks to integrate its BlackRock USD Institutional Digital Liquidity Fund (BUIDL) token with the trading systems of major crypto exchanges such as Binance, OKX and Debirit. Brokerage firm Securitize is reportedly a partner in the initiative.
The move would expand BUILD’s use as collateral, widening the competition with stablecoins that are largely used as collateral for crypto derivatives trading, such as Tether’s USdT.
