deribit，crypto.com和BlackRock Buidl：机构加密的新时代？

Deribit和Crypto.com正在拥抱BlackRock的Buidl，这表明机构加密交易发生了变化。 Tradfi和Defi的这种融合提供了机会，但集中化涉及持续的含义。

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

deribit，crypto.com和BlackRock Buidl：机构加密的新时代？

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.

加密景观正在发展，最近涉及Deribit，Crypto.com和Blackrock的Buidl代币的举动是主要的例子。这些事态发展表明，在已建立的加密平台内对令牌化资产的接受程度越来越大。

BUIDL as Collateral: A Game Changer?

Buidl作为抵押品：改变游戏规则的人？

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现在正在接受BlackRock的标记美国财政基金（BUIDL）作为机构客户的交易抵押品。这很重要，因为它允许交易者使用杠杆交易的波动性较小，承重资产，可能会降低利润率的要求。可以将其视为使用数字债券而不是直接加密来支持您的交易。

BlackRock's BUIDL Dominance

贝莱德的Buidl主导地位

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.

贝莱德的机构数字流动性基金（BUIDL）已经占有近40％的令牌库务市场。这种集成扩大了Buidl的实用性，并进一步巩固了BlackRock在数字资产领域的地位。 Frax Finance甚至投票支持Buidl作为其Frxusd Stablecoin的支持。嗡嗡声是Buidl提供了更深的流动性，更容易的转移和降低的对手风险，因为它是贝莱德。

Centralization Concerns: The Elephant in the Room

集中化问题：房间里的大象

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.

尽管通常认为Buidl的整合是积极的，但一些行业人士担心集中化。包括贝莱德在内的少数公司控制着大部分标记的美国财政市场。这引发了有关潜在结构性财务风险的疑问。太多的动力集中在太少的手中吗？在分散的加密世界中，这是一个有效的关注点。

Ethereum's Reign in RWA Tokenization

以太坊在RWA令牌中的统治

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.

这些令牌化的美国财政部大多数都生活在以太坊网络上，该网络仍然是现实世界中的领先区块链（RWA）令牌化。以太坊拥有73亿美元的标记政府证券中的57亿美元。因此，尽管出现了其他区块链，但在将传统资产带入链上时，以太坊仍然是国王。

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.

令牌化的美国财政产品越来越被视为传统稳定剂的替代品，因为它们产生了产量。这种趋势反映了加密货币和传统金融体系的更广泛的融合。 BlackRock计划在包括OKX和Binance在内的各种加密平台上集成Buidl，进一步强调了这一运动。

Final Thoughts: Bullish or Bearish?

最终想法：看涨还是看跌？

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!

将贝莱德（BlackRock）的buidl集成到诸如deribit和crypto.com之类的平台中，无疑是迈出传统金融与加密货币世界之间差距的重要一步。它为机构交易者提供了新的机会，并扩大了令牌资产的效用。但是，权力和潜在集中化风险的集中度需要仔细考虑。与往常一样，进行自己的研究并保持知识！

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!

那么，这是Tradfi和Defi之间美丽友谊的开始吗？只有时间会证明。但是可以肯定的是：这将是一个有趣的旅程。系好，毛cup！