Securitize Partners with Uniswap to Facilitate On-Chain Trading of BlackRock's BUIDL Fund via UniswapX
BlackRock’s $2.2 billion BUIDL fund integrates with UniswapX for compliant trading, while confirmed UNI token purchases by the asset manager trigger a 25% price surge.
UNI
BUIDL
Summary
BlackRock deployed its $2.2 billion tokenized BUIDL fund to UniswapX, utilizing Securitize Markets for compliance and instant settlement. The asset manager confirmed its acquisition of UNI tokens, reinforcing its commitment to decentralized finance. Following the announcement, UNI’s price rose over 25%, reflecting strong market enthusiasm for institutional DeFi integration.
Terms & Concepts
- UniswapX: A decentralized exchange aggregator that sources liquidity across multiple venues to optimize token trade execution.
- Digital Liquidity Fund (BUIDL): BlackRock’s USD-based institutional tokenized fund, representing shares of a traditional liquidity fund issued on blockchain infrastructure.
- DeFi: Decentralized finance, a blockchain-based financial system that enables trading and financial services without traditional intermediaries.