Asset management giant enters DeFi! BlackRock partners with Uniswap to enable BUIDL on-chain trading, UNI surges 20% on news

UNI-3.44%
BNB0.06%
SOL-0.61%
EUL-3.04%
BlackRock, the global leader in asset management, is significantly expanding its presence in the decentralized finance (DeFi) space. According to a statement released on Wednesday, BlackRock announced that through collaborations with Uniswap Labs and digital asset issuance platform Securitize, it will officially open its tokenized U.S. Treasury fund "BUIDL" for on-chain trading.
This integration will allow eligible investors to purchase the "BlackRock USD Institutional Digital Liquidity Fund (BUIDL)" directly via UniswapX technology.
UniswapX is a off-chain order routing system developed by Uniswap Labs that consolidates market liquidity and settles trades on-chain. The Uniswap ecosystem is the world's largest decentralized exchange by trading volume and operates without relying on traditional intermediaries like banks or brokers, instead utilizing automated market maker (AMM) smart contracts.
The specific trade execution will be handled by Securitize Markets, which will use an "order book" mechanism to connect institutional investors on the whitelist and settle transactions on the blockchain through smart contracts.
More notably, BlackRock revealed that it has invested in the Uniswap ecosystem, directly purchasing an undisclosed amount of UNI tokens, which the market interprets as a strong vote of confidence from a traditional financial giant in DeFi.
Inspired by the news, Uniswap's governance token UNI surged over 20%, reaching a high of $4.36.
This partnership marks BlackRock’s first direct integration of its tokenized products into DeFi trading infrastructure. BUIDL is a tokenized fund issued by Securitize, fully backed by U.S. Treasuries and cash equivalents.
As of February 11, BUIDL’s assets under management (AUM) are approximately $2.4 billion, making it the largest institutional-grade tokenized fund on a public blockchain to date.
BlackRock has been very active recently, expanding BUIDL to BNB Chain and Solana, and integrating with DeFi protocols like Euler through wrapped versions, broadening the product’s reach.
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