BlackRock is launching its tokenized treasury fund on Uniswap, making it the latest major financial institution to step into decentralized finance, Fortune reported Wednesday. The Wall Street giant has also invested in the Uniswap ecosystem as part of the deal.
The deal, developed in partnership with tokenization firm Securitize, will allow investors to trade shares of BlackRock’s BUIDL fund onchain using UniswapX technology. The integration aims to expand liquidity, improve settlement efficiency, and further bridge traditional finance with decentralized markets.
Trading will initially be limited to qualified purchasers and approved liquidity providers, meaning only a small group will participate at first. The setup is designed to test how traditional assets function on decentralized platforms.
Leaders from BlackRock and Uniswap say the collaboration demonstrates the growing overlap between traditional finance and crypto, and could accelerate the tokenization of real-world assets.
This is a developing story. Please come back for further updates.
coindesk.com