BlackRock acquires Uniswap’s UNI tokens as it enters DeFi

BlackRock is making a significant move into decentralized finance (DeFi) by announcing plans to trade its $180 billion BUIDL token on the Uniswap protocol. This entry is facilitated through a partnership with Securitize, allowing institutional investors to use smart contracts and liquidity pools for trading, bypassing traditional centralized clearing systems. As part of this strategic move, BlackRock has also acquired Uniswap's native UNI tokens. Initially, trading will be restricted to qualified purchasers and approved liquidity providers to test traditional assets on decentralized platforms. Both BlackRock and Uniswap view this collaboration as evidence of the increasing convergence between traditional finance and cryptocurrency, potentially speeding up the tokenization of real-world assets.

(Source：Crypto Briefing)