FalconX, a leading institutional digital asset prime broker, and FalconX Bravo, the first CFTC-registered swap dealer focused on cryptocurrency derivatives, today announced its initiative to integrate the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), BlackRock's first public blockchain tokenized private fund, onto its trading platform to enable clients to post the BUIDL token as collateral.
“At FalconX, we believe that most of the world's value will be tokenized – enabling greater liquidity and expanding access to financial instruments around the globe. We look forward to helping usher in the next stages of digital asset adoption.”
- Raghu Yarlagadda, co-founder and CEO of FalconX.
FalconX, operating at the cross-section of trading and advanced technology, has one of the fastest growing crypto derivatives trading desks on the market. It will allow their institutional clients to use BUIDL as collateral to secure loans and collateralize derivatives positions. This further enables qualified investors in BlackRock’s tokenized fund who are common clients of FalconX to participate in the digital asset trading ecosystem.
For more information, please reach out to contact@falconx.io.
