DeFi· ★★★· neutral·

Bitfinex: Tokenised Treasuries Reach $15B as Collateral Ahead of Lugano Summit

  • —Tokenised US Treasury funds total about $15 billion in assets
  • —Exchanges began accepting BlackRock's BUIDL as trading collateral in 2025
  • —CFTC signalled tokenised Treasuries can serve as margin in US derivatives
  • —JPMorgan tokenised the Invesco QQQ ETF and posted it as CME margin
Why it matters: Tokenised collateral links blockchain rails to traditional markets, but liquidation constraints limit how far it can scale.
Source: Crypto Economy