BlackRock’s BUIDL & BounceBit’s Wild New RWA Money-Making Scheme! 🤑

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Brace yourselves, folks! BounceBit, that cheeky little financial startup, has decided to cozy up with the giant BlackRock’s fancy-shmancy fund called BUIDL. What’s their brilliant plan? A shiny new RWA yield strategy tool – because who doesn’t love crypto and traditional finance having a wild dance-off? 🎉💸

According to their fancy press release, this partnership mixes the boring old stuffy finance with blockchain wizardry, letting investors squeeze maximum juice out of old-world yields while trading crypto derivatives faster than you can say “profitable!”

The masterstroke? They’re doing Bitcoin (BTC) and stablecoin trades using BUIDL as the collateral – yes, using big, fat digital IOUs backed by a giant fund. And get this – they say investors could see their annual percentage yield (APY) shoot up by a whopping 24%. That’s nearly a quarter more money in your pocket! 😲💰

BUIDL, by the way, is a secretive little fund from BlackRock, which Securitize cleverly tokenized and sold to the masses like digital hotcakes on the Securitize Markets. Because nothing says security like a token, right?

On their social media (or “X,” as the kids call it), BounceBit boasted that this is “the first active use-case for tokenized treasuries.” Oooh, fancy phrase! Makes it sound like they’ve discovered the holy grail of finance. 🏆

Jack Lu, the big boss of BounceBit, chimes in: “This innovative approach demonstrates what is possible when investors simultaneously capture both U.S. dollar yields and funding rate arbitrage returns, potentially creating opportunities for institutional investors seeking sustainable USD-denominated yield generation across market cycles.” Translation? They’re trying to turn dollars into more dollars, with a sprinkle of magic and a dash of chaos.

Last month, the wise folks at the Bank for International Settlements (BIS) warned everyone that tokenizing RWAs on blockchains will turn the world of crypto and traditional finance into one big tangled spaghetti mess – but hey, more links between worlds means more chances for chaos (and profit)!

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2025-05-20 01:22