BlackRock, Securitize tap DeFi giant Uniswap for direct onchain BUIDL trading; UNI surges 20%
BlackRock is enabling onchain trading of its tokenized BUIDL fund via UniswapX technology through a partnership with Securitize.Summary
BlackRock is integrating its tokenized Treasury fund, BUIDL, with decentralized finance by enabling direct onchain trading for eligible investors using Uniswap Labs' UniswapX technology, facilitated by Securitize.
UniswapX is an offchain order routing system that aggregates liquidity and settles trades onchain. Trading will use a request-for-quote framework managed by Securitize Markets, connecting whitelisted institutional participants while preserving regulatory controls.
This move marks BlackRock's first direct use of DeFi trading infrastructure for BUIDL, which is currently the largest institutional tokenized fund with about $2.4 billion in assets under management. Following the announcement, BlackRock also disclosed an investment in the UNI token, causing its price to surge by approximately 20%.
(Source：The Block)