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BlackRock Steps Into Decentralized Finance With BUIDL on Uniswap

Key Takeaways

  • BlackRock brings its tokenized US Treasury fund, BUIDL, to Uniswap as one of its first direct steps into public DeFi markets;
  • Only approved institutions gain early access to BUIDL trading on Uniswap, with broader access planned after the first phase;
  • BlackRock plans to purchase an unspecified amount of UNI, while Securitize supports the effort as BUIDL becomes tradable on-chain.

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BlackRock Steps Into Decentralized Finance With BUIDL on Uniswap

BlackRock has taken a new step into decentralized finance (DeFi) by placing its tokenized US Treasury fund on Uniswap $737.13M .

This marks one of the firm’s first direct uses of a public DeFi platform. The fund involved is the USD Institutional Digital Liquidity Fund, known as BUIDL.

An update on February 11 confirmed that BUIDL will be listed on the Uniswap exchange, where eligible institutions will be able to buy and sell the tokenized asset on-chain.

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The decision includes another detail. BlackRock will also buy an unspecified amount of UNI UNI $3.53 , the governance token used within the Uniswap ecosystem. The announcement did not share the size of this purchase.

Securitize, a company that works on asset tokenization, is coordinating the effort. It partnered with BlackRock when BUIDL launched and continues to support the process as the fund becomes tradable on Uniswap.

Trading will not open to everyone at once. Fortune reported that only approved institutional investors and market makers will gain access at the start. The group will expand later once the initial phase is complete.

Securitize’s CEO, Carlos Dominigo, stated, "For the first time, institutions and whitelisted investors can access technology from a leader in the decentralized finance space to trade tokenized real-world assets like BUIDL with self-custody".

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Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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