BlackRock is reportedly holding discussions with major cryptocurrency exchanges, including Binance, OKX, and Deribit, to integrate its tokenized fund, BUIDL, as collateral for futures trading. This strategic move by BlackRock, the world's largest asset manager, is a significant step towards increased institutional adoption of digital assets. By integrating BUIDL as collateral, the firm aims to provide liquidity and leverage to futures markets. BlackRock's BUIDL token is a tokenized fund that tracks the performance of an underlying basket of assets. The integration of this token as collateral would allow traders to use it as a secure and liquid asset to support their futures positions. This initiative aligns with BlackRock's broader focus on sustainable investing. The BUIDL token consists of companies leading in the digital asset ecosystem, including blockchain technology, cryptocurrency exchanges, and digital payment platforms.