BlackRock in Talks with Binance to Use BUIDL Token as Futures Collateral

BlackRock is in discussions with global cryptocurrency exchanges, including Binance, to use its BUIDL token as collateral for futures trading. This move aims to integrate the tokenized BUIDL fund into the crypto market, potentially reducing the need for off-ramping from exchanges to traditional finance. The integration of BUIDL as futures collateral represents a significant step for BlackRock in the digital asset space. The ticker symbol for BlackRock is $BLK, and the news was reported by BBG.

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