Securitize, BlackRock BIDL Token Used as Collateral for Bitcoin (BTC) Basis Trade... "Annual Yield 20%"
JH Kim
Summary
- Securitize reported achieving an annual yield of 20% through Bitcoin basis trades using BIDL Tokens as collateral.
- This trade was conducted through Singapore-based QCP Capital.
- BlackRock BIDL Tokens were utilized by converting stablecoins.
According to The Block, a cryptocurrency-focused media outlet, Securitize, a platform for real asset tokenization and security tokens, has converted stablecoins into BlackRock BIDL Tokens and is using them as collateral for Bitcoin (BTC) basis trades (a strategy that seeks profit by hedging risk through the price disparity between spot and futures markets), achieving an annual yield of 20%.
This basis trade was conducted through Singapore-based cryptocurrency trading firm QCP Capital.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Today’s key economic and crypto calendar] Remarks by Fed Governor Christopher Waller, among others](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
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