The world’s largest asset manager, BlackRock, aims to expand its foray in the digital asset industry following the successful launch of spot Bitcoin and Ethereum ETFs in 2024. In a new venture, the American asset manager is attempting to push the adoption of its money-market token BUIDL as a collateral asset in the crypto derivative market. BlackRock’s BUIDL To Serve As Derivative Collateral: Report According to a Friday report by Bloomberg, BlackRock has begun marketing BUIDL as collateral in the crypto derivative market. For context, BUIDL – which stands for…
