BlackRock Launches BUIDL Token on Uniswap, Backed by U.S. Treasuries
BlackRock launched the BUIDL token on Uniswap with Securitize, marking its first entry into decentralized finance, Fortune reports. The token is backed by U.S. Treasuries and has a market cap of $180 billion, initially available to qualified institutional investors. BlackRock also acquired UNI tokens.