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BlackRock's move this time is really aggressive—they directly threw $500 million worth of tokenized Treasury bonds into the exchange as collateral. $BTC $ETH
Honestly, this is much more significant than it appears on the surface. Previously, those Wall Street folks always thought the crypto market was a wild west. But now? The world’s largest asset management giant is personally stepping in, putting traditional financial "hard currency" like US Treasuries directly on-chain, and then using them as collateral for crypto trading—this isn’t just testing the waters, it’s a formal announcement of a merger.
Think about it: in the future, the collateral pools of DeFi protocols might contain assets at the level of Treasury bonds. Liquidity is one aspect, but more importantly, the credibility backing has completely changed. The crypto market used to be doubted as a "bubble" with "no real value," but now real, hard traditional assets are starting to move on-chain, changing the rules of the game.
Of course, the entry of giants also means the reshuffling will accelerate. Whether retail investors can still play depends on how quickly you understand this trend of "traditional finance + on-chain assets" integration.
Here's an interesting question: if more institutions follow suit and bring Treasuries, gold, and other assets on-chain as collateral, will the volatility of the crypto market decrease as a result, or will it actually become more intense due to the increased scale?