BlackRock Acquires Uniswap UNI Tokens

BlackRock Launches Tokenized Treasury Fund on Uniswap

• BlackRock has launched its tokenized treasury fund, BUIDL, on Uniswap, marking its entry into DeFi.
• The collaboration involves BlackRock, Uniswap, and tokenization firm Securitize.
• BUIDL will be traded onchain using UniswapX technology and settled on the Ethereum blockchain.
• Initially, trading is limited to qualified purchasers and approved liquidity providers.
• This initiative highlights the growing convergence between traditional finance and cryptocurrency markets.

BlackRock’s partnership with Uniswap introduces its first tokenized fund, BUIDL, to decentralized finance platforms. The fund will be traded using UniswapX technology on the Ethereum blockchain, initially available to a select group of investors.