BlackRock to List Treasury-Backed BUIDL Fund on Uniswap in Early 2025; UNI Surges 24.79%
BlackRock plans to list its tokenized U.S. Treasury fund BUIDL on Uniswap in early 2025 to facilitate institutional trading, Fortune reports. BUIDL, developed with Securitize and launched in March 2024, represents shares of a fund holding cash, Treasury bills and repurchase agreements, with each Ethereum-based token pegged to the U.S. dollar. The listing would provide a decentralized secondary market on Uniswap's automated liquidity protocol, where institutions can trade peer-to-peer. Fortune also reported BlackRock acquired UNI, Uniswap's governance token, and UNI rose from $3.35 to over $4.18, a 24.79% gain, CoinMarketCap data show.