{"source":"Democratize Intel","as_at":"9 November 2026","notice":"Democratize Intel. Information only, not investment advice. Demonstration data is approximate and unverified.","path":"/api/v1/collateral","entries":[{"asset":"BUIDL","venue":"Crypto.com and Deribit","kind":"Exchange margin","status":"Accepted","haircut":"≈5%","basis":"Venue announcements (reported)","since":"2025"},{"asset":"BUIDL","venue":"Binance (off-exchange, triparty)","kind":"Exchange margin","status":"Accepted","haircut":"≈5%","basis":"Venue announcement (reported)","since":"2025"},{"asset":"USYC","venue":"Binance (off-exchange, triparty)","kind":"Exchange margin","status":"Accepted","haircut":"≈4%","basis":"Venue announcement (reported)","since":"2025"},{"asset":"BENJI","venue":"Binance (off-exchange)","kind":"Exchange margin","status":"Under review","haircut":"—","basis":"Partnership announced; terms not published","since":"2025"},{"asset":"Tokenised MMFs","venue":"CFTC tokenised collateral pilot (US derivatives)","kind":"Derivatives margin","status":"Pilot","haircut":"Set by clearing house","basis":"CFTC staff guidance and pilot","since":"Dec 2025"},{"asset":"Tokenised Treasuries and MMFs","venue":"DTCC collateral pilot","kind":"Clearing and settlement","status":"Pilot","haircut":"Pilot terms","basis":"DTCC statements","since":"2026"},{"asset":"Digital gilt (DIGIT)","venue":"Bank of England Sterling Monetary Framework","kind":"Central bank collateral","status":"Under review","haircut":"—","basis":"Bank of England has said it may consider it","since":"2026"},{"asset":"USTB, JTRSY, USYC","venue":"Aave Horizon (permissioned market)","kind":"DeFi lending","status":"Accepted","haircut":"Loan-to-value 75–85%","basis":"Protocol governance","since":"Aug 2025"},{"asset":"OUSG","venue":"Flux Finance","kind":"DeFi lending","status":"Accepted","haircut":"Loan-to-value ≈92%","basis":"Protocol parameters","since":"2023"},{"asset":"PAXG","venue":"Major exchanges (cross-margin)","kind":"Exchange margin","status":"Accepted","haircut":"10–20%","basis":"Venue collateral tables","since":"2021"},{"asset":"Tokenised MMFs","venue":"UK central counterparties","kind":"Derivatives margin","status":"Not accepted","haircut":"—","basis":"Not on published eligible lists","since":"—"},{"asset":"EUTBL","venue":"EU crypto venues under MiCA","kind":"Exchange margin","status":"Under review","haircut":"—","basis":"Discussions reported","since":"2026"}]}