Crypto.com, Deribit to accept BlackRock's BUIDL tokenized fund as collateral

Crypto exchanges Crypto.com and Deribit will accept BlackRock's tokenized fund BUIDL as collateral, allowing institutional clients to use it for spot, margin, derivatives and over-the-counter (OTC) trading. The move offers a yield-bearing, blockchain-native version of U.S. Treasurys with 4.5% annual returns, according to Forbes.