TOKEN #ONDO UP 8% AFTER TOKENIZED BLACKROCK COLLABORATIVE

Ondo Finance’s (ONDO) governance token has jumped 8% after news broke that BlackRock’s tokenized money market fund (BUIDL) is being considered as collateral on major derivatives exchanges like Binance and OKX.

While it’s unclear how this will impact Ondo, the governance token often acts as a proxy for BlackRock’s tokenization initiatives as traders speculate on its role in future developments.

With over $550 million in assets under management, BUIDL offers significant leveraged trading opportunities, allowing traders to generate income by using assets for margin trading.