TradFi keeps moving into DeFi
Major institutions are buying governance tokens to secure a seat at the table of the protocols they use as infrastructure.
The Big Players & Their Bags:
BlackRock: Buying $UNI as its $2.1B BUIDL fund begins trading via Uniswap protocol.
Citadel: Strategic investment in $ZRO to help build "Zero," a new high-speed L1 for global markets.
Apollo: Committing to buy 90M $MORPHO tokens (9% supply) to anchor its on-chain lending strategy.
Why it matters:
This isn't retail speculation; it’s infrastructure control. With SAB 121 effectively rescinded, banks are finally buying the "plumbing" to settle trillions in assets on-chain in seconds.