BlackRock BUIDL Accepted as Collateral by Crypto.com & Deribit

BlackRock BUIDL accepted as collateral? Yes, it’s official—and it’s a game changer. In a bold move that’s shaking up the crypto landscape, Crypto.com and Deribit now accept BlackRock’s $29B tokenized money market fund (BUIDL) as collateral for derivatives trading. This development signals the accelerating fusion between traditional finance and decentralized markets, and positions BUIDL as a powerful alternative to non-yielding stablecoins like USDT and USDC. Let’s unpack why this matters—especially in 2025.

What is BlackRock’s BUIDL?

BlackRock’s BUIDL—short for BlackRock USD Institutional Digital Liquidity Fund—launched in March 2024 as a tokenized money market fund built initially on Ethereum.

Key Features of BUIDL:

• Each token is pegged 1:1 to the U.S. dollar and backed by real-world assets such as U.S. Treasuries, cash, and repo agreements.

• Offers daily yield, directly credited to your digital wallet—a key differentiator from traditional stablecoins.

• Originally limited to institutional investors with a $5 million entry, now reportedly accessible from around $100K.

• Cross-chain compatible—active on Ethereum, Solana, Polygon, Avalanche, Aptos, Optimism, and Arbitrum.

• Securitize issues and manages the token, while BNY Mellon provides custody services.

BUIDL is more than a stablecoin alternative—it’s a regulated, yield-bearing asset designed for institutional efficiency.

Why BlackRock BUIDL Accepted as Collateral Matters in 2025

The acceptance of BUIDL by Crypto.com derivatives and Deribit brings several powerful shifts to the table.

1. Institutional Collateral, Reinvented

Allowing BUIDL token as collateral marks a deeper BlackRock crypto integration and legitimizes tokenized real-world assets in the DeFi economy.

2. Yield + Liquidity = Alpha

BUIDL combines stable value and daily yield, making it an attractive collateral option. It challenges the dominance of non-yielding assets like USDT.

3. Real-World Asset Tokenization Accelerates

With BUIDL’s AUM already between $520M–$550M, it’s one of the fastest-growing crypto yield collateral assets on-chain.

4. Competitive Exchange Edge

Crypto.com, Binance, OKX, and Deribit adopting BUIDL gives them a first-mover advantage in offering high-grade, yield-generating collateral options.

Top Insights: Who’s Using BUIDL Already?

Prime Broker Integration

Firms like FalconX and Hidden Road have already embraced BUIDL as a collateral asset—fueling more institutional adoption.

Cross-Exchange Adoption

BUIDL’s footprint is growing fast:

• Binance and OKX were early adopters.

• Now joined by Crypto.com and Deribit, who use it in their derivatives margin systems.

Multichain Strategy

Starting from Ethereum, BUIDL is now available on six chains, including Solana—allowing seamless cross-chain collateral movement.

How to Get Started & What to Watch Next

If you’re a trader or institution looking to tap into BlackRock BUIDL as collateral:

• Check Exchange Support: Platforms like Deribit and Crypto.com now list BUIDL as accepted collateral. Others may follow.

• Evaluate Wallet Compatibility: Ensure your wallet supports Ethereum or Solana-based tokens.

• Monitor Liquidity & Yield Rates: Compare BUIDL’s performance vs. traditional stablecoins.

• Watch for DeFi Expansion: BUIDL could soon find its way into DeFi lending, staking, and automated vaults.

A Defining Moment for Tokenized Collateral

The move to have BlackRock BUIDL accepted as collateral by major exchanges is more than a market update—it’s a shift in the DNA of crypto finance.

We’re witnessing the emergence of a compliant, yield-enhanced, institution-ready collateral model that could outpace stablecoins in derivatives trading. With regulatory frameworks tightening and yield becoming essential, BUIDL offers an elegant, scalable solution.

FAQ

1. What is BlackRock’s BUIDL token?
BUIDL is a tokenized version of a U.S. dollar–denominated money market fund, backed by assets like U.S. Treasuries and offering daily yield.

2. Why is BUIDL being accepted as collateral on Crypto.com and Deribit?
It provides an institutional-grade, yield-bearing alternative to traditional stablecoins, enhancing trading efficiency and capital usage.

3. How does BUIDL differ from stablecoins like USDT or USDC?
Unlike stablecoins, BUIDL pays daily interest to holders and is backed by regulated real-world assets.

4. Can retail investors use BUIDL as collateral?
Currently, BUIDL is mainly accessible to institutional investors, though access thresholds may vary across platforms.

5. What blockchains support BUIDL?
BUIDL is available on Ethereum, Solana, Polygon, Avalanche, Arbitrum, Optimism, and Aptos, enabling cross-chain utility.