The largest tokenized US Finance Ministry, Blackrock USD Institutional Digital Liquidity Fund (Buidl), can now be used as security on two of the most active crypto trading platforms, Crypto.com and Deribit, Is Securitize Issuer in a Wednesday press release.
The lists allow institutional dealers to place buidl -tokens as margin for geared trades on these two exchanges, while also earning dividends on the underlying token.
The tokenized Treasury Market is one of the fastest growing sectors among tokenized assets that grow approx. 400% in the past year for over $ 7 billion in market value, RWA.xyz data shows. These tokens allow investors to earn a dividend on their available cash, like a money market fund, but without leaving the blockchain environment. They are also increasingly used as security for trade.
With $ 2.9 billion in assets, Buidl is the largest of the tokenized treasury funds and is supported by a short -term dividend -bearing portfolio of cash and US treasuries.
“Tokenized treasuries are actively used to improve capital efficiency and risk management in some of the industry’s most sophisticated trading sites while still offering dividends,” Securitize CEO Carlos Domingo said in the statement. “The [BUIDL] The fund develops from a yield token to a core component of crypto market infrastructure. “
