ONDO Surges 8% as Major Derivatives Exchanges Consider BlackRock’s BUIDL for Collateral

ONDO Soars 8% Amidst BlackRock’s BUIDL Collateral Speculation

The governance token of the tokenization platform ONDO has experienced an 8% surge, fueled by speculation surrounding its potential use as collateral for BlackRock’s BUIDL initiative. This development has caught the attention of major derivatives exchanges, who are exploring the implications of integrating BUIDL into their collateral frameworks.

ONDO has emerged as a favored proxy play among crypto traders anticipating BlackRock’s foray into tokenization. The token’s utility within the ONDO ecosystem, coupled with its potential role as collateral for BUIDL, has positioned it as a promising asset for investors seeking exposure to this emerging trend.

As derivatives exchanges evaluate the viability of BUIDL as collateral, ONDO’s price action reflects the growing interest in the tokenization space. The inclusion of BUIDL as collateral could significantly expand the use cases for both ONDO and the broader tokenization ecosystem, potentially driving further price appreciation.