BlackRock Enables Onchain Trading of BUIDL Fund via UniswapX
BlackRock has partnered with Securitize and Uniswap Labs to enable direct onchain trading of its $2.4 billion tokenized U.S. Treasury fund, BUIDL, using UniswapX for institutional investors, The Block reported. The move represents BlackRock’s first use of decentralized finance infrastructure for a tokenized product, according to the report. The Block also reported that BlackRock purchased an undisclosed amount of UNI tokens and that UNI’s price rose by about 20% around the time of the news.