Tokenized Treasuries are no longer just for yield. Now they power crypto trades too.
BlackRock’s USD Institutional Digital Liquidity Fund, aka BUIDL, is a tokenized U.S. Treasury fund — but don’t let the TradFi label fool you. This isn’t your grandfather’s bond.
🟢 Issued on-chain 🟢 Backed by real Treasuries 🟢 Tokenized by Securitize, the RWA infrastructure giant
With BUIDL, institutions can now earn yield and post collateral at the same time. It’s TradFi collateral — gone crypto-native.
Here’s the headline: Two of the world’s biggest crypto trading platforms — Crypto.com and Deribit — now accept BUIDL as collateral.
That means:
Deribit CEO Luuk Strijers called it a “pivotal moment” in the evolution of crypto derivatives. And he’s not wrong.
Thanks to a new partnership with Ethena Labs, BUIDL can now be swapped for USDtb — a stablecoin tied to U.S. Treasuries — via the USDtb Liquidity Fund.
So what?
It’s fixed income, but flexed.
This isn’t just about one fund. It’s about:
With 4B+ AUM in tokenized funds, Securitize is now the RWA whisperer of Wall Street.
By turning Treasury funds into programmable building blocks, BlackRock, Securitize, and these exchanges are building the next phase of finance:
BUIDL isn’t just a product. It’s a signal. TradFi and DeFi are no longer parallel universes. They’re merging — asset by asset, protocol by protocol.
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