BlackRock Launches $2.1B Tokenized Treasury Fund on Uniswap for DeFi

BlackRock has integrated its $2.1 billion USD Institutional Digital Liquidity Fund (BUIDL) into the Uniswap decentralized exchange to expand institutional access to DeFi. This initiative marks BlackRock's first formal engagement with a decentralized protocol, allowing institutional clients to trade tokenized securities on-chain. The fund, which is backed by U.S. Treasury securities, currently stands as the largest tokenized money market fund in the industry. Securitize served as the primary partner, facilitating the technical infrastructure required to bring these assets to the Uniswap ecosystem. Additionally, BlackRock acquired an undisclosed amount of Uniswap's governance token, UNI, as part of the strategic collaboration. The move aims to provide institutional investors with self-custody tools and the ability to utilize tokenized assets as collateral without sacrificing yield. Industry analysts, including those from JPMorgan, suggest that such tokenized funds may serve as a critical counterbalance to the rising dominance of stablecoins in the global economy.

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