BlackRock Inc (NYSE:BLK) is one of the most undervalued blockchain stocks to buy now.
BlackRock Inc (NYSE:BLK) continues to add partners for its tokenized money-market fund known as BUIDL, a sign of increasing investor interest in the fund
On April 28, Standard Chartered and the crypto trading platform OKX announced a new collateral framework for BUIDL. This arrangement allows clients to post their BUIDL as collateral for trading margin on the OKX platform without losing yields. BlackRock, Standard Chartered, and OKX came up with this framework to address a gap in how yield-bearing capital can be used for trading.
Usually, funds posted as margin on crypto trading platforms earn little or no return. What BlackRock, Standard Chartered, and OKX have done is make it possible for investors to earn yields on their token funds while using the funds as collateral at the same time. With this model, investors don’t need to move assets between a custodian and a trading platform.