BounceBit has launched a pioneering real-world asset (RWA) CeDeFi structured product that utilizes BlackRock's stablecoin BUIDL as collateral in a Bitcoin trading strategy. This approach combines Treasury yields, options premiums, and basis spreads to generate an annual percentage yield (APY) of approximately 24%, outperforming traditional stablecoin-based yield methods. The product serves as a proof-of-concept for BounceBit's upcoming BB Prime product line. BlackRock's BUIDL, tokenized by Securitize, unlocks US dollar yields by integrating tokenized treasuries with basis trading, presenting a new opportunity for institutional investors seeking enhanced returns. The collaboration marks an advancement in asset management and stablecoin utility within decentralized finance (DeFi).