Financial infrastructure firm BounceBit is tapping into BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) for a new real-world assets (RWA) yield strategy tool.
According to a new press release from BounceBit, the collaboration mixes traditional finance with blockchain infrastructure, allowing investors to leverage traditional yields with crypto derivatives trading.
Per the announcement, the strategy involves executing Bitcoin (BTC) and stablecoin trades with BUIDL as collateral. BounceBit says the trading strategy could raise total annual percentage yield (APY) for investors by 24%.
Trending: MY TAKE: Dan Bongino and Kash Patel Are Compromised…and This Is The Deal They Made
BUIDL is a BlackRock private fund, which is tokenized by Securitize and made available through its Securitize Markets.
According to a post to the social media platform X, the strategy is “the first active use-case for tokenized treasuries.”
Says Jack Lu, Founder & CEO
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!