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BlackRock (NYSE:BLK) is integrating its tokenized money market fund BUIDL with cryptocurrency exchange OKX as Bitcoin (CRYPTO: BTC) spot ETFs continue to attract significant inflows.
Under the arrangement, the fund can be used as collateral while continuing to generate yield from low-risk assets such as U.S. Treasuries.
The underlying assets remain held in custody by Standard Chartered, ensuring regulated backing while allowing traders to deploy the tokenized units as margin, Bloomberg reported on Tuesday.
The structure is designed to address a long-standing inefficiency in …
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