Rich by Coin

BlackRock is launching its tokenized treasury fund on Uniswap, joining other institutions in decentralized finance. The Wall Street giant has also invested in the Uniswap ecosystem as part of the deal. The move, developed in partnership with tokenization firm Securitize, will allow investors to trade shares of BlackRock’s BUIDL fund on-chain using UniswapX technology.

Uniswap Labs’ founder Hayden Adams said the strategic collaboration with BlackRock and Securitize to enable BUIDL trading supports ongoing efforts to create faster, more efficient markets with better liquidity. Adams stated that BlackRock is the largest asset manager in the world ($14T AUM) and that BUIDL is their first tokenized fund, with the collaboration using Uniswap’s market structure to power on-chain trading for BUIDL investors settled on Ethereum. Securitize CEO Carlos Domingo described it as unlocking the trust and regulatory standards of traditional finance to DeFi speed and openness, enabling institutions to access tokenized real-world assets like BUIDL with self-custody.

Trading will initially be limited to qualified purchasers and approved liquidity providers, meaning only a small group will participate at first. The setup is designed to test how traditional assets function on decentralized platforms. Leaders from BlackRock and Uniswap say the collaboration demonstrates the growing overlap between traditional finance and crypto, and could accelerate the tokenization of real-world assets.