
Uniswap’s v4 rollout adds protocol-level wallet eligibility checks for regulated assets, while Superstate, Securitize and Dowgo help shape Ethereum compliance standards alongside a same-day Raydium launch on Solana.
Uniswap Labs launched Permissioned Pools on July 23, 2026, introducing a Uniswap v4 feature that lets tokenized funds, stocks and other regulated assets trade through automated market makers while restricting access to issuer-approved wallets. The system uses v4 hooks to enforce eligibility checks inside the pool contract, so swaps or liquidity actions by unauthorized wallets revert rather than being blocked only at the front end. Superstate helped design the implementation for tokenized equities and funds, while Securitize and Dowgo contributed compliance frameworks through DS Protocol and ERC-3643. Dowgo plans to use the standard after receiving DLT TSS authorization under the EU’s DLT Pilot Regime. Uniswap said the base protocol remains open, with restrictions applied only to pools whose creators opt in. The launch came the same day Raydium introduced a comparable permissioned AMM structure on Solana for Superstate-linked tokenized securities, highlighting rising demand for compliant secondary-market liquidity across major decentralized exchanges. On July 24, 2026, Hayden Adams said a dozen tokenized Robinhood stocks were each clearing more than $500,000 in daily volume on Uniswap, underscoring demand for infrastructure that can support regulated instruments on public liquidity venues.