BlackRock’s BUIDL: The New Gold Standard for Crypto Trading? You Won’t Believe It!

Well now, gather ’round, folks! It seems that the fine folks at Deribit and Crypto.com have decided to throw their hats in the ring with BlackRock’s shiny new tokenized US Treasury fund. Yes, you heard that right! They’re accepting it as trading collateral for those institutional bigwigs and seasoned traders. Who knew finance could be so thrilling? 🎩💰

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Now, this deal is set to expand the utility of BlackRock’s Institutional Digital Liquidity Fund (BUIDL). This fund is holding onto nearly 40% of the tokenized Treasurys market share, which is about $2.9 billion in value locked up tighter than a drum, according to the folks at RWA.XYZ. Talk about a treasure chest! 🏴‍☠️

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Proponents of this integration are singing BUIDL’s praises, claiming it provides deeper liquidity, transfer options, and lower counterparty risk. After all, who wouldn’t want to use a collateral asset created and backed by the world’s largest asset manager, BlackRock, with a staggering $11.5 trillion in assets under management? That’s more money than a cat has lives! 🐱💸

But hold your horses! Despite the rosy outlook from the Frax Finance community and other digital asset platforms, centralization concerns and the specter of structural financial risk loom large among industry executives and market participants. It’s like a dark cloud hanging over a sunny picnic! ☁️

Six firms, including BlackRock, Franklin Templeton, Ondo Finance, Superstate, Centrifuge, and Circle, account for over 88% of the tokenized US treasury market. That’s a whole lot of power in just a few hands, folks! 🤔

Most of the US Treasurys currently on-chain were tokenized on the Ethereum network, which continues to reign supreme as the leading blockchain for real-world tokenized assets. Ethereum is holding onto $5.7 billion of the total $7.3 billion in tokenized government securities. It’s like the heavyweight champion of the blockchain world! 🥇

2025-06-18 21:28

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