TL;DR
- DeFi Integration: BlackRock enabled onchain access to its BUIDL fund through UniswapX, allowing qualified investors to trade via an off-chain routing system that settles transactions onchain.
- Regulated Access: Securitize will manage trading through a request‑for‑quote framework, ensuring all participants are pre‑qualified and whitelisted while maintaining regulatory oversight.
- Market Impact: BlackRock revealed it purchased UNI, and the token rose nearly 10% following the announcement, highlighting a strong market reaction.
BlackRock’s latest move into decentralized finance is taking shape through a new integration that brings its tokenized Treasury fund, BUIDL, directly onto Uniswap’s infrastructure. The collaboration with Uniswap Labs and Securitize enables eligible investors to access BUIDL through UniswapX, marking a notable expansion of the asset manager’s onchain strategy and reinforcing the growing intersection between regulated finance and decentralized liquidity.
UniswapX Becomes the Routing Layer for BUIDL Access
According to Wednesday’s announcement, BUIDL will be available to qualified investors through UniswapX, an off-chain order routing system that aggregates liquidity and settles trades onchain. UniswapX is designed to streamline execution by sourcing competitive quotes before finalizing transactions via smart contracts. The broader Uniswap ecosystem, one of the largest decentralized exchanges by cumulative volume, continues to rely on automated market maker architecture rather than centralized intermediaries.
Securitize Facilitates Trading Through Regulated Infrastructure
Trading of BUIDL will occur through Securitize Markets using a request‑for‑quote model that connects whitelisted institutional participants. All transactions will settle onchain, preserving transparency while maintaining regulatory controls. Securitize, which operates regulated broker‑dealer and alternative trading system entities in the U.S., emphasized that investors accessing BUIDL through UniswapX will be pre‑qualified and whitelisted to ensure compliance.
BlackRock Adds UNI Exposure as Token Rallies
BlackRock also disclosed that it has made an investment within the Uniswap ecosystem by purchasing an undisclosed amount of UNI. The token rose nearly 10% shortly after the announcement, reflecting market enthusiasm for the asset manager’s first direct use of DeFi trading infrastructure for one of its tokenized products. While BUIDL has supported onchain transfers and certain liquidity integrations since launch, this marks its most direct connection to decentralized trading rails.
BUIDL’s Growth Highlights Expanding Tokenization Demand
Issued through Securitize, BUIDL is backed by U.S. Treasuries and cash equivalents and has grown to approximately $2.4 billion in assets under management as of Feb. 11. It remains the largest institutional‑grade tokenized fund on public blockchains. Recent expansions to BNB Chain, Solana, and integrations with DeFi protocols such as Euler underscore rising demand for tokenized real‑world assets. Securitize CEO Carlos Domingo said the initiative brings traditional finance standards to the openness and speed of DeFi.
