BlackRock is looking to strengthen its position in the crypto derivatives market.
BlackRock wants exchanges to use its BUIDL token as collateral.
FalconX and Hidden Road already allow BUIDL as collateral.
BlackRock and its brokerage partner Securitize are in preliminary talks with Binance, OKX, and Deribit about using BlackRock's new BUIDL token as collateral for derivatives trades.
