BlackRock’s Tokenized Fund Has a Bank Problem

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Rommie Analytics

Key Takeaways

  • Crypto exchanges already accept BUIDL as collateral.
  • Banks and regulators still limit wider use.
  • A CFTC rule widened eligible fund collateral.
  • Bank capital charges may deter acceptance.

Bloomberg’s report, carried by Moneycontrol, quotes Dan Maley, who oversees BlackRock’s Asia-Pacific cash business, on extending tokenized collateral beyond digital-asset markets, and PANews’s summary attributes the three constraints to him.

BUIDL, BlackRock’s first tokenized money-market fund, has grown to about $2.3 billion since its 2024 launch, PANews reports, but its holder base is small. On October 6, RWA.xyz data compiled by Eco

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