BlackRock pushes further into DeFi with BUIDL on Uniswap
BlackRock has cemented its presence in DeFi through a large-scale integration with Uniswap Labs and Securitize. The company will make its tokenised US Treasury fund, BUIDL (BlackRock USD Institutional Digital Liquidity Fund), tradable on the Uniswap decentralised exchange, reports The Block.
This collaboration marks a significant step that further legitimises crypto’s utility. BUIDL is the largest tokenised US Treasury fund on the market, valued at over $2.2 billion. Its integration into Uniswap allows investors to trade the tokenised funds in a decentralised setting without traditional intermediaries.
“This is the unlock we’ve been working toward: bringing the trust and regulatory standards of traditional finance to the speed and openness for which DeFi is known,” said Carlos Domingo, Securitize CEO.
BlackRock has also invested in the Uniswap ecosystem by purchasing an undisclosed amount of Uniswap’s governance token, UNI. The token climbed nearly 20% shortly after the announcement.
What does this mean?
This bridges traditional finance infrastructure with DeFi protocols, allowing institutional-grade assets to be traded without intermediaries. It signals that major financial institutions see DeFi as viable infrastructure rather than experimental technology.
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