贝莱德通过 BUIDL 代币化产品扩大其加密货币主导地位，瞄准全球加密货币交易所

BlackRock 正在为其 BUIDL 产品规划新的用例，并正在与一些全球加密货币交易所进行持续讨论。据知情人士透露，Binance、OKX 和 Deribit 是参与其中的一些加密货币交易所。

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

据报道，贝莱德正计划扩大其 BUIDL 产品的用例，目前正在与全球几家主要的加密货币交易所进行讨论。

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

据知情人士透露，贝莱德已经接触过币安、OKX 和 Deribit 等加密货币交易所。

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

据说这些讨论的重点是如何更广泛地使用 BUIIDL 代币作为加密衍生品交易的抵押品。

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

这一消息发布之际，华尔街投资者越来越多地寻求进入数字资产生态系统的策略。

BlackRock’s BUIDL Dominating Rivals

贝莱德的 BUIDL 主导竞争对手

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

随着最近贝莱德首个代币化产品 BUIDL 的推出，它迅速占据了生态系统的主导地位。

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.

推出后六周内，该产品的表现优于同类产品。截至 5 月，其市值已达 3.75 亿美元。这超过了成立一年的富兰克林链上美国政府货币基金（BENJI）的市值，当时该基金的市值为 3.68 亿美元。

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 基金专为可用资本至少为 500 万美元的合格机构投资者而设计。迄今为止，两家最大的加密货币主要经纪商 FalconX 和 Hidden Road 已授权其客户使用 BUIDL 作为抵押品。

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 还指出，有资格投资 BUIDL 的客户可以使用代币作为抵押品通过 Hidden Road 进行交易。

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.

这种代币化产品最近得到了一些重大采用，包括从 Ondo Finance (EOUSG) 转移 5000 万美元，使其成为最大的财政部基金。另外，Ethena 宣布推出由 BlackRock BUIDL 基金资产支持的新稳定币。

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

与FOBXX、OUSG、USDY、USTB等同行相比，BUIIDL吸引了更多机构资金。

BlackRock’s Foray into Crypto – Spot Bitcoin ETF

贝莱德进军加密货币——现货比特币 ETF

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

总体而言，贝莱德在短时间内在加密行业取得了重大进展。

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 代币化产品外，其推出还不到一年的加密产品也位居榜首。贝莱德 iShares 比特币信托基金 (IBIT) 于 1 月份获得美国证券交易委员会 (SEC) 的交易批准，在资金流入方面领先于其竞争对手。

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

几周前，比特币 ETF 净流入 2.3519 亿美元，这反映出投资者对市场的兴趣日益浓厚。

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，仅贝莱德的 IBIT 就赚到了 9788 万美元。 10 月 16 日，现货 BTC ETF 净流入 4.58 亿美元，其中 IBIT 以 3.93 亿美元领先。大约在此时，比特币 ETF 的总净流量首次超过 200 亿美元。

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

贝莱德 iShares 以太坊信托 (ETHA) 也实现了重要的里程碑，但它并没有退居幕后。

Are Exchanges Facing a Threat?

交易所面临威胁吗？

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.

加密货币公司的角色可能会受到机构投资者的快速进入和激进策略的威胁。然而，这两个领域的仔细整合可以帮助缩小 TradFi 和 DeFi 之间的差距。

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.

长期以来，加密货币领导者一直在寻求缩小这两个关键领域之间差距的策略。 Coin Republic 最近报道了 TradFi 和 DeFi 在经济中的作用。虽然存在一些区别，但它们的融合创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.

像贝莱德这样的老牌公司进入该行业增强了该行业的信誉。交易所可能不会感到受到威胁，而是可以更好地进行创新，以与现金充裕的华尔街竞争对手竞争。