BlackRock Lists BUIDL on Uniswap as UNI Jumps 25%
BlackRock has made BUIDL — tokenized shares of its $2.2 billion U.S. Treasury fund — available for trading on Uniswap, bringing a sizable institutional asset onto a major automated market maker. The announcement coincided with an approximately 25% surge in UNI as liquidity providers and traders moved to create pools, capture fees and chase arbitrage opportunities. BUIDL's arrival on a public DEX marks one of the larger institutional token listings to hit DeFi.
The listing underscores growing convergence between traditional asset managers and decentralized finance: tokenized treasuries can broaden on-chain access to low-risk instruments while boosting DEX volumes and protocol revenue. Market participants see this as a credibility and utility win for DeFi, though it also raises regulatory and smart-contract risk questions that could influence future institutional engagement. For UNI holders and DeFi users, the development is broadly positive for liquidity and fees, even as observers await how regulators respond.