貝萊德透過 BUIDL 代幣化產品擴大其加密貨幣主導地位，瞄準全球加密貨幣交易所

BlackRock 正在為其 BUIDL 產品規劃新的用例，並正在與一些全球加密貨幣交易所進行持續討論。知情人士透露，Binance、OKX 和 Deribit 是參與其中的一些加密貨幣交易所。

BlackRock is reportedly planning to expand the use cases for its BUIDL product and is currently in discussions with several major global crypto exchanges.

據報道，貝萊德正計劃擴大其 BUIDL 產品的用例，目前正在與全球幾家主要的加密貨幣交易所進行討論。

According to sources close to the matter, Binance, OKX, and Deribit are among the crypto exchanges that have been approached by BlackRock.

知情人士透露，貝萊德已經接觸過幣安、OKX 和 Deribit 等加密貨幣交易所。

These discussions are said to be centered around enabling the broader use of the BUIIDL token as collateral for crypto derivatives trades.

據說這些討論的重點是如何更廣泛地使用 BUIIDL 代幣作為加密衍生性商品交易的抵押品。

This news comes as Wall Street investors are increasingly seeking strategies to enter the digital asset ecosystem.

這項消息發布之際，華爾街投資者越來越多地尋求進入數位資產生態系統的策略。

BlackRock’s BUIDL Dominating Rivals

貝萊德的 BUIDL 主導競爭對手

With the recent launch of BUIDL, BlackRock’s first tokenized offering, it has quickly come to dominate the ecosystem.

隨著最近推出貝萊德首個代幣化產品 BUIDL，它迅速主導了生態系統。

Within six weeks of its launch, the offering outperformed its peers. By May, it had achieved a market capitalization of $375 million. This surpassed the market cap of the year-old Franklin OnChain U.S. Government Money Fund (BENJI), which was pegged at $368 million at the time.

推出後六週內，產品的表現優於同類產品。截至 5 月，其市值已達 3.75 億美元。這超過了成立一年的富蘭克林鏈上美國政府貨幣基金（BENJI）的市值，當時該基金的市值為 3.68 億美元。

The BUIDL fund is designed for qualified institutional investors with a minimum of $5 million in available capital. To date, FalconX and Hidden Road, two of the largest crypto prime brokers, have authorized the use of BUIDL as collateral among their clients.

BUIDL 基金專為可用資本至少為 500 萬美元的合格機構投資者而設計。迄今為止，最大的兩家加密貨幣主要經紀商 FalconX 和 Hidden Road 已授權其客戶使用 BUIDL 作為抵押品。

Recently, Komainu also noted that its clients who are eligible to invest in BUIDL can trade through Hidden Road using the token as collateral.

最近，Komainu 也指出，有資格投資 BUIDL 的客戶可以使用代幣作為抵押品透過 Hidden Road 進行交易。

This tokenized offering has seen some major adoption recently, including a $50 million transfer from Ondo Finance (EOUSG), making it the largest Treasury fund. At another point, Ethena announced the launch of a new stablecoin backed by the BlackRock BUIDL fund asset.

這種代幣化產品最近得到了一些重大採用，包括從 Ondo Finance (EOUSG) 轉移 5000 萬美元，使其成為最大的財政部基金。另外，Ethena 宣布推出由 BlackRock BUIDL 基金資產支持的新穩定幣。

Compared to its peers, such as FOBXX, OUSG, USDY, and USTB, BUIIDL has attracted more institutional funds.

與FOBXX、OUSG、USDY、USTB等同行相比，BUIIDL吸引了更多機構經費。

BlackRock’s Foray into Crypto – Spot Bitcoin ETF

貝萊德進軍加密貨幣－現貨比特幣 ETF

Overall, BlackRock has made significant strides in the crypto industry in a short span of time.

總體而言，貝萊德在短時間內在加密行業取得了重大進展。

Its crypto products, which are barely a year old, are topping the charts, aside from its BUIDL tokenized product. The BlackRock iShares Bitcoin Trust (IBIT), which received SEC approval for trading in January, has led its rivals in terms of inflows.

除了 BUIDL 代幣化產品外，其推出不到一年的加密產品也位居榜首。貝萊德 iShares 比特幣信託基金 (IBIT) 於 1 月獲得美國證券交易委員會 (SEC) 的交易批准，在資金流入方面領先其競爭對手。

Weeks ago, Bitcoin ETFs saw a net inflow of $235.19 million, which reflects growing investor interest in the market.

幾週前，比特幣 ETF 淨流入 2.3519 億美元，反映出投資者對市場的興趣日益濃厚。

Of this amount, BlackRock’s IBIT alone raked in $97.88 million. On October 16, spot BTC ETFs saw a net inflow of $458 million, with IBIT leading the way with $393 million. This was around the time when Bitcoin ETFs surpassed $20 billion in total net flows for the first time.

其中，光是貝萊德的 IBIT 就賺了 9,788 萬美元。 10 月 16 日，現貨 BTC ETF 淨流入 4.58 億美元，其中 IBIT 以 3.93 億美元領先。大約在此時，比特幣 ETF 的總淨流量首次超過 200 億美元。

Crucial milestones are also being hit by the BlackRock iShares Ethereum Trust (ETHA), which is not relegated to the background.

貝萊德 iShares 以太坊信託 (ETHA) 也實現了重要的里程碑，但它並沒有退居幕後。

Are Exchanges Facing a Threat?

交易所面臨威脅嗎？

The role of crypto firms may be threatened by the rapid entry and aggressive tactics of institutional investors. However, careful integration of both sectors can help close the gap between TradFi and DeFi.

加密貨幣公司的角色可能會受到機構投資者的快速進入和激進策略的威脅。然而，這兩個領域的仔細整合可以幫助縮小 TradFi 和 DeFi 之間的差距。

For a long time, crypto leaders have sought strategies to close the gap between the two key niches. The Coin Republic recently covered the roles of TradFi and DeFi in the economy. While there are some distinctions, their fusion creates a level of balance.

長期以來，加密貨幣領導者一直在尋求縮小這兩個關鍵領域之間差距的策略。 Coin Republic 最近報告了 TradFi 和 DeFi 在經濟中的作用。雖然存在一些區別，但它們的融合創造了一定程度的平衡。

The entry of established firms like BlackRock into the sector has lent it credibility. Rather than feeling threatened, exchanges may innovate better to compete with cash-heavy Wall Street rivals.

像貝萊德這樣的老牌公司進入該行業增強了該行業的信譽。交易所可能不會感到受到威脅，而是可以更好地進行創新，以與現金充裕的華爾街競爭對手競爭。