BlackRock BUIDL fund becomes productive collateral on OKX, Michael Geike notes

BlackRock BUIDL fund becomes productive collateral on OKX, Michael Geike notes
BlackRock BUIDL fund used as collateral

Michael Geike, co-founder & CEO at Advanced Blockchain AG, highlights that BlackRock’s BUIDL tokenized money market fund is further integrating with crypto infrastructure.

According to Geike, the roughly $2.5 billion fund can now serve as yield-bearing collateral on OKX, with regulated custody provided by Standard Chartered. This move enables idle cash on exchanges to be used more productively in the crypto sector.

Geike has previously commented on security in DeFi, referencing a LlamaRisk report on the rsETH exploit tied to Kelp DAO that confirmed Aave was not hacked. He also disclosed that twelve European banks have formed the Qivalis consortium to launch a MiCA-compliant euro stablecoin in H2 2026. These developments reflect ongoing engagement by financial institutions and blockchain experts in integrating traditional and digital assets.

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