Traders on Crypto.com and Deribit can now post BlackRock’s $2.9B tokenized Treasury fund as collateral for their positions.

BlackRock’s Tokenized Treasury Fund Approved as Collateral on Crypto Platforms

Tokenized U.S. Treasuries are gaining momentum in the crypto ecosystem as BlackRock’s $2.9 billion USD Institutional Digital Liquidity Fund (BUIDL) secures a new use case.

Securitize announced Wednesday that BUIDL is now accepted as collateral on two major crypto trading venues: Crypto.com and Deribit. The move allows institutional investors to use their BUIDL tokens as margin for leveraged trading, while still earning yield from the underlying U.S. Treasury holdings.

Over the past year, the market for tokenized U.S. Treasuries has grown more than fourfold, with total market capitalization surpassing $7 billion, according to data from rwa.xyz. These digital assets function similarly to money market funds, offering investors steady returns while keeping assets within blockchain ecosystems.

By accepting tokenized Treasuries as collateral, trading platforms aim to improve capital efficiency and attract more sophisticated market participants.

“Tokenized Treasuries are becoming key instruments for optimizing capital and managing risk across major crypto venues while also delivering yield,” said Carlos Domingo, CEO of Securitize. “BUIDL is transitioning from a yield-generating token to a vital piece of crypto infrastructure.”