Entity Mints $376 Million of BlackRock’s BUIDL Token on Solana
BlackRock’s tokenized U.S. Treasury fund BUIDL extends to Uniswap with whitelist-only access for qualified investors, marking deeper institutional engagement with decentralized finance.
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Summary
BlackRock has launched its U.S. Treasury-backed tokenized fund BUIDL on Uniswap in collaboration with Securitize. The platform will initially restrict access to qualified institutional investors with at least $5 million in assets via a whitelist. BlackRock also disclosed plans to purchase UNI tokens but did not reveal the amount. This follows an earlier unidentified minting of $376 million BUIDL tokens on Solana, reflecting expanding institutional adoption of tokenized assets and decentralized exchange integrations.
Terms & Concepts
- Tokenized Real-World Asset (RWA): A blockchain-based representation of physical or traditional financial assets, such as property, commodities, or government bonds.
- Uniswap: A decentralized exchange protocol that allows users to trade cryptocurrencies directly from their wallets using automated liquidity pools.
- Whitelist: A list of approved participants allowed to access a restricted service or platform, often used for regulatory compliance in blockchain-based offerings.