Blackrock is expanding its push into the crypto derivatives market by advocating for its BUIDL token to be accepted as trading collateral

BlackRock, the world's largest asset management company, is expanding its push into the crypto derivatives market by advocating for its BUIDL token to be accepted as trading collateral. Bloomberg reported, citing anonymous sources, that BlackRock is partnering with its broker partner Securitize to negotiate with major cryptocurrency exchanges including Binance, Okx, and Deribit to promote BUIDL as collateral for crypto derivatives.