• Hidden Road now accepts BlackRock’s BUIDL Token as collateral throughout its network.
  • Hidden Road has also added liquidity providers B2C2, IMC, Laser Digital and software vendors Talos, TT and Talos Digital to its list of exchanges.


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Hidden Road, an institution-focused global credit network that also includes digital asset trading, announced it has added several major exchanges to the platform of its prime brokerage. The company also accepted BlackRock’s BUIDL token as collateral on its entire network.

In a Monday press release, the company announced that it is now integrated with Coinbase International Exchange. (This follows a tie-up in 2022 with Coinbase Exchange), OKX, Deribit, Bitfinex (including options), Bullish, AsiaNext, and SIX Digital Exchange.

BlackRock’s money market fund tokens are a great way to earn interest and collateral for institutions that trade digital assets worth hundreds of millions. Michael Higgins said that any non-carry assets will be difficult to manage when clients are able to use BlackRock’s BUIDL token as collateral and earn interest.

Higgins stated in an interview that clients can provide collateral in the form BUIDL tokens, which we will recognize as good margin. Higgins said that Hidden Road would finance those trades with USDT or USDC so that the client could trade and earn interest while submitting assets to Hidden Road.

Higgins stated that Hidden Road, through its partnership with the Chicago Mercantile Exchange CME, can also margin finance digital assets tokens like BUIDL and cross-margin them on the CME.

“Previously, clients could only use bitcoins as collateral. Hidden Road provided margin financing for trades on the CME. Bitcoins didn’t earn any interest, of course. They can do this, but now they can also post BUIDL and we will fund them in dollars at the CME. “The difference is they earn interest with BUIDL,” he said. “As far we know, BUIDL is the only clearing house that allows clients to use digital assets as margin for trading on the CME.”

Hidden Road has also added liquidity providers B2C2, IMC, Laser Digital and software vendors Talos, TT and Talos Digital to its list of members.

Sheldon Reback is the editor.