BlackRock’s BUIDL Token Goes Live as Crypto Collateral on Deribit and Crypto.com

Thu Jun 19 2025
BlackRock’s tokenized Treasury fund BUIDL is now accepted as collateral on Deribit and Crypto.com. A major leap for real-world asset adoption in crypto trading.

💸 BlackRock’s BUIDL Just Went DeFi-Native — And It’s a Big Deal

Tokenized Treasuries are no longer just for yield. Now they power crypto trades too.


🧱 What Is BUIDL, Really?

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.


🤝 BUIDL Gets Listed as Collateral on Deribit and Crypto.com

Here’s the headline: Two of the world’s biggest crypto trading platforms — Crypto.com and Deribit — now accept BUIDL as collateral.

That means:

  • 📈 Institutional traders can use BUIDL to back margin, options, and futures positions
  • 🔐 They get yield + stability without holding volatile crypto
  • 💡 It introduces U.S. Treasuries directly into crypto market structure

Deribit CEO Luuk Strijers called it a “pivotal moment” in the evolution of crypto derivatives. And he’s not wrong.


🔄 Liquidity Just Got an Upgrade

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?

  • You can trade in and out of BUIDL for instant liquidity
  • You stay exposed to Treasury yields
  • You unlock DeFi moves like lending, borrowing, and yield stacking

It’s fixed income, but flexed.


🌐 Why This Changes Everything for RWA Tokenization

This isn’t just about one fund. It’s about:

  • ✅ Regulatory-compliant, real-world assets going on-chain
  • ✅ Major exchanges validating tokenized Treasuries as trusted instruments
  • ✅ Institutions finally having a stable, yield-bearing tool to move capital through crypto rails

With 4B+ AUM in tokenized funds, Securitize is now the RWA whisperer of Wall Street.


📊 The Endgame: Tokenized Assets Everywhere

By turning Treasury funds into programmable building blocks, BlackRock, Securitize, and these exchanges are building the next phase of finance:

  • Real-world collateral, usable in DeFi
  • Permissionless protocols with institutional-grade trust
  • Capital efficiency without volatility

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.


TL;DR

  • 🏛 BlackRock’s BUIDL is now accepted as collateral on Crypto.com and Deribit
  • 🔐 Tokenized Treasuries just became core crypto infrastructure
  • 💧 BUIDL now swappable for USDtb via Ethena Labs — unlocking DeFi liquidity
  • 🧠 Institutional players can now earn yield while trading with stable collateral
  • 🧱 This is the beginning of real-world assets transforming crypto markets

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