BlackRock’s tokenized money market fund, BUIDL, is gaining on-chain liquidity through a partnership with Uniswap Labs via UniswapX, enabling near-instant on-chain access between BUIDL and USDC for approved participants. The arrangement moves the fund closer to operating as a digitally native financial product rather than a blockchain-wrapped traditional instrument, as it leverages decentralized trading rails rather than relying solely on conventional intermediaries.
Securitize will administer the compliance layer, ensuring that only whitelisted, approved participants can access the liquidity while enabling DeFi-native settlement and preserving regulatory alignment. This collaboration illustrates a concrete example of a major asset manager utilizing decentralized exchange infrastructure for real-world assets and broader on-chain liquidity.
The broader implications point to evolving institutional access to on-chain liquidity rails, with BlackRock indicating additional appetite for decentralized infrastructure. In a related development, BlackRock disclosed plans to purchase an unspecified amount of UNI, and the market responded with a sharp price move, as UNI surged about 35% to roughly $4.29 within about 20 minutes of the announcement.
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