DeFi· ★★★★· bullish·

BlackRock pushes tokenized assets as collateral for traditional finance

  • —BUIDL tokenized money market fund has grown to about $2.3 billion
  • —BlackRock's tokenized funds are already used as collateral in crypto markets
  • —Hong Kong dollar digital liquidity fund approved in September
  • —IMF and ISDA flag fragmentation and legal recognition as hurdles
Why it matters: Bank recognition of tokenized assets as collateral would link crypto infrastructure to mainstream financing and broaden demand for tokenized real-world assets.
Source: Bloomingbit
More on this
Exchanges · Oct 7
Kalshi Launches Stock-Index Perpetual as Prediction Markets Push Into Traditional Finance
 Regulation · Sep 30
White House crypto official: digital assets will merge with traditional finance, Korea should act now
 DeFi · Oct 7
Tom Lee: All of Traditional Finance Will Be Tokenized Within 10 Years