BlackRock, the world’s largest asset manager, has launched the money market digital currency known as BUIDL token. crypto para It is making a strategic move to make it more widely accepted as collateral in derivatives trading.
The move comes as Wall Street firms increasingly expand their presence in the digital asset space.
BlackRock, in collaboration with brokerage partner Securitize, is reportedly in early talks with some of the world’s largest crypto exchanges to promote the use of BUIDL as collateral in derivatives transactions. Sources with knowledge of the subject and who spoke on the condition of anonymity announced that these exchanges include Binance, OKX and Deribit.
Currently, two leading names in the crypto industry, FalconX and Hidden Road, accept BUIDL as collateral. BlackRock’s token is designed specifically for qualified institutional investors, with the minimum investment threshold set at $5 million.
As it is known, BlackRock also has a BTC Spot ETF, and thanks to this ETF, BlackRock has received over $1 billion of additional BTC into its accounts to hold on behalf of its customers in the last three days.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/blackrockin-cok-buyuk-uc-kripto-para-borsasiyla-isbirligi-gorusmeleri-yaptigi-iddia-ediliyor-iste-o-uc-isim/
