Mainstream crypto platforms will accept BlackRock Money Market Fund BUIDL as collateral assets

Odaily Planet Daily News: BUIDL, BlackRock's first public blockchain based money market fund (launched in collaboration with tokenization agency Securitize), is about to become a recognized pledged asset for the trading platform (Crypto.com) and Deribit. This means that institutions and professional traders can now use interest bearing, blockchain native US treasury bond token as trading margin. Due to the low volatility (current annualized return of approximately 4.5%) and return attributes of BUIDL, the exchange can lower the minimum pledge requirement and release more funds for other investments. (Forbes)