FalconX accepts BlackRock’s tokenized fund as trading collateral, enhancing BUIDL’s utility

FalconX, a leading institutional digital asset prime broker, and FalconX Bravo, the first cryptocurrency focused CFTC-registered swap dealer, today announced its initiative to integrate the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), BlackRock's first public blockchain tokenized private fund, onto its trading platform to enable clients to post the BUIDL token as collateral.

“At FalconX, we believe that most of the world's value will be tokenized – enabling greater liquidity and expanding access to financial instruments around the globe. We look forward to helping usher in the next stages of digital asset adoption.”

- Raghu Yarlagadda, co-founder and CEO of FalconX.

FalconX, operating at the cross-section of trading and advanced technology, has one of the fastest growing crypto derivatives trading desks on the market. It will allow their institutional clients to use BUIDL as collateral to secure loans and collateralize derivatives positions. This further enables qualified investors in BlackRock’s tokenized fund who are common clients of FalconX to participate in the digital asset trading ecosystem. 

For more information, please reach out to contact@falconx.io.

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This material is for informational purposes only and is only intended for sophisticated or institutional investors. This material is not (i) an offer, or solicitation of an offer, to invest in, or to buy or sell, any interests or shares, or to participate in any investment or trading strategy, (ii) intended to provide accounting, legal, or tax advice, or investment recommendations, or (iii) an official statement of FalconX or any of its affiliates. Any information contained in this material is not and should not be regarded as investment research, debt research, or derivatives research for the purposes of the rules of the CFTC or any other relevant regulatory body. Prior to entering into any proposed transaction, recipients should determine, in consultation with their own investment, legal, tax, regulatory and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences of the transaction. This material does not constitute investment advice. To the extent permitted by law, FalconX does not accept any liability arising from the use of this communication. This material may contain information regarding structured products which involve over the counter derivatives. Pursuant to the Dodd-Frank Act, over the counter derivatives are only permitted to be traded by “eligible contract participants” (“ECP”s) as defined under Section 1a(18) of the CEA (7 U.S.C. § 1a(18)). Do not invest in a structured product unless you are an ECP as relevant and fully understand and are willing to assume the risks associated with the product. Solios, Inc. is registered as a federal money services business with FinCEN. FalconX Bravo, Inc. is provisionally registered with the U.S. Commodities Futures Trading Commission (CFTC) as a swap dealer. FalconX Limited is a registered Class 3 VFA service provider under the Virtual Financial Assets Act of 2018 with the Malta Financial Services Authority. FalconX Limited, FalconX Bravo, Inc., nor Solios, Inc. are not registered with the Securities & Exchange Commission or the Financial Industry Regulatory Authority. FalconX Foxtrot Pte Ltd and FalconX Golf Pte. Ltd. are not regulated by the Monetary Authority of Singapore.

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