First-Ever Derivatives Trade Using BlackRock’s BUIDL Fund as Collateral Yields 18% APY

TL;DR BlackRock’s institutional digital liquidity fund, BUIDL, was used as collateral in a derivatives trade, generating an 18% APY yield. This strategy allows investors to leverage BUIDL’s tokenized treasuries, transforming them into more flexible and profitable assets. The adoption of tokenized treasury products has grown by over 400% since early 2024, reflecting the boost in ... source: https://crypto-economy.com/first-ever-derivatives-trade-using-blackrocks-buidl-fund-as-collateral-yields-18-apy/