BlackRock to List Tokenized Treasury Fund BUIDL on Uniswap as UNI Jumps 25 Percent to $4.11

BlackRock plans to make shares of its tokenized U.S. Treasury fund BUIDL tradable on Uniswap, and has made a strategic investment in Uniswap that included buying an undisclosed amount of UNI, whose price climbed 25% to $4.11 on the announcement, according to the firm. BUIDL, launched in 2024, is described by rwa.xyz as the largest tokenized U.S. Treasury fund with nearly $2.2 billion in total value locked, fully backed by U.S. Treasury bills and cash to provide onchain yield, and will be available for qualified investors to trade on UniswapX against stablecoins with liquidity from approved market makers. BlackRock is working with Uniswap Labs and Securitize, which oversees investor prequalification, whitelisting and transaction facilitation, and BlackRock's global head of digital assets Robert Mitchnick called the integration of BUIDL into UniswapX an important step in connecting tokenized USD yield funds with stablecoins and decentralized finance.