The DeFi market received a strong impulse: following the announcement of the integration of the BUIDL fund (BlackRock USD Institutional Digital Liquidity Fund) with the UniswapX infrastructure, the price of the UNI token jumped locally by about 40%.
Behind the announcement is Securitize, which stated that it enables trading of BUIDL 'on-chain' via UniswapX. BUIDL — a tokenized fund based on U.S. Treasury bonds — is set to manage assets of around 2.2 billion USD and launched in 2024.
After the announcement, UNI jumped from about 3.2 USD to about 4.52 USD, then retraced to around 3.4 USD, giving back part of the euphoria.
BlackRock's entry into DeFi in such a direct form has been received as another signal that TradFi is increasingly daring to test blockchain infrastructure. At the same time, the market emphasizes that access to BUIDL trading may initially be limited to selected participants — so the real impact on the broader DeFi and retail may unfold over time.