Deribit和Crypto.com正在擁抱BlackRock的Buidl，這表明機構加密交易發生了變化。 Tradfi和Defi的這種融合提供了機會，但集中化涉及持續的含義。

Deribit, Crypto.com, and BlackRock BUIDL: A New Era for Institutional Crypto?

deribit，crypto.com和BlackRock Buidl：機構加密的新時代？

The crypto landscape is evolving, and the recent moves involving Deribit, Crypto.com, and BlackRock's BUIDL token are prime examples. These developments signal a growing acceptance of tokenized assets within established crypto platforms.

加密景觀正在發展，最近涉及Deribit，Crypto.com和Blackrock的Buidl代幣的舉動是主要的例子。這些事態發展表明，在已建立的加密平台內對令牌化資產的接受程度越來越大。

BUIDL as Collateral: A Game Changer?

Buidl作為抵押品：改變遊戲規則的人？

Deribit and Crypto.com are now accepting BlackRock's tokenized US Treasury fund (BUIDL) as trading collateral for institutional clients. This is a big deal because it allows traders to use a less volatile, yield-bearing asset for leveraged trading, potentially lowering margin requirements. Think of it as using a digital bond instead of just straight-up crypto to back your trades.

Deribit和Crypto.com現在正在接受BlackRock的標記美國財政基金（BUIDL）作為機構客戶的交易抵押品。這很重要，因為它允許交易者使用槓桿交易的波動性較小，承重資產，可能會降低利潤率的要求。可以將其視為使用數字債券而不是直接加密來支持您的交易。

BlackRock's BUIDL Dominance

貝萊德的Buidl主導地位

BlackRock's Institutional Digital Liquidity Fund (BUIDL) already holds nearly 40% of the tokenized Treasurys market. This integration expands the utility of BUIDL and further solidifies BlackRock's position in the digital asset space. Frax Finance even voted to add support for BUIDL as backing collateral for its frxUSD stablecoin. The buzz is that BUIDL offers deeper liquidity, easier transfers, and reduced counterparty risk because, well, it's BlackRock.

貝萊德的機構數字流動性基金（BUIDL）已經佔有近40％的令牌庫務市場。這種集成擴大了Buidl的實用性，並進一步鞏固了BlackRock在數字資產領域的地位。 Frax Finance甚至投票支持Buidl作為其Frxusd Stablecoin的支持。嗡嗡聲是Buidl提供了更深的流動性，更容易的轉移和降低的對手風險，因為它是貝萊德。

Centralization Concerns: The Elephant in the Room

集中化問題：房間裡的大象

While the integration of BUIDL is generally seen as positive, some industry folks are worried about centralization. A handful of firms, including BlackRock, control a huge chunk of the tokenized US Treasury market. This raises questions about potential structural financial risks. Is too much power concentrated in too few hands? It’s a valid concern in the decentralized world of crypto.

儘管通常認為Buidl的整合是積極的，但一些行業人士擔心集中化。包括貝萊德在內的少數公司控制著大部分標記的美國財政市場。這引發了有關潛在結構性財務風險的疑問。太多的動力集中在太少的手中嗎？在分散的加密世界中，這是一個有效的關注點。

Ethereum's Reign in RWA Tokenization

以太坊在RWA令牌中的統治

Most of these tokenized US Treasurys live on the Ethereum network, which continues to be the leading blockchain for real-world asset (RWA) tokenization. Ethereum holds a whopping $5.7 billion of the total $7.3 billion in tokenized government securities. So, despite the emergence of other blockchains, Ethereum remains the king when it comes to bringing traditional assets on-chain.

這些令牌化的美國財政部大多數都生活在以太坊網絡上，該網絡仍然是現實世界中的領先區塊鏈（RWA）令牌化。以太坊擁有73億美元的標記政府證券中的57億美元。因此，儘管出現了其他區塊鏈，但在將傳統資產帶入鏈上時，以太坊仍然是國王。

The Bigger Picture: TradFi Meets DeFi

更大的前景：Tradfi遇到Defi

Tokenized US Treasury products are increasingly seen as an alternative to traditional stablecoins because they generate yield. This trend reflects the broader convergence of cryptocurrencies and the traditional financial system. BlackRock's plan to integrate BUIDL across various crypto platforms, including OKX and Binance, further underscores this movement.

令牌化的美國財政產品越來越被視為傳統穩定劑的替代品，因為它們產生了產量。這種趨勢反映了加密貨幣和傳統金融體系的更廣泛的融合。 BlackRock計劃在包括OKX和Binance在內的各種加密平台上集成Buidl，進一步強調了這一運動。

Final Thoughts: Bullish or Bearish?

最終想法：看漲還是看跌？

The integration of BlackRock's BUIDL into platforms like Deribit and Crypto.com is undoubtedly a significant step towards bridging the gap between traditional finance and the crypto world. It offers new opportunities for institutional traders and expands the utility of tokenized assets. However, the concentration of power and potential centralization risks need careful consideration. As always, do your own research and stay informed!

將貝萊德（BlackRock）的buidl集成到諸如deribit和crypto.com之類的平台中，無疑是邁出傳統金融與加密貨幣世界之間差距的重要一步。它為機構交易者提供了新的機會，並擴大了令牌資產的效用。但是，權力和潛在集中化風險的集中度需要仔細考慮。與往常一樣，進行自己的研究並保持知識！

So, is this the beginning of a beautiful friendship between TradFi and DeFi? Only time will tell. But one thing's for sure: it's gonna be an interesting ride. Buckle up, buttercups!

那麼，這是Tradfi和Defi之間美麗友誼的開始嗎？只有時間會證明。但是可以肯定的是：這將是一個有趣的旅程。係好，毛cup！