02:34 PM EDT, 10/18/2024 (MT Newswires) -- BlackRock ( BLK ) and its digital assets securities brokerage partner Securitize are in talks with some global cryptocurrency exchanges about using its BUIDL token as collateral for derivatives trades, Bloomberg reported Friday.

The asset manager, which aims to expand the use of its money-market digital coin in crypto derivatives markets, is in discussions with exchanges such as Binance, OKX and Deribit, the report said, citing people familiar with the matter.

BlackRock ( BLK ), Binance and OKX declined to comment to Bloomberg.

BlackRock ( BLK ), Binance and Deribit did not immediately reply to MT Newswires' request for comment. OKX could not be immediately reached.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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