The governance token of Uniswap (UNI) surged more than 13% after BlackRock announced the integration of the BUIDL fund with UniswapX on February 11, 2026.
The $2.2 billion tokenized treasury fund is now traded on-chain through decentralized bidding. BlackRock has also invested in the Uniswap ecosystem, including the UNI token.
This partnership involves Securitize, the operator of BUIDL. This will allow institutional-grade market makers to compete through a request-for-quote (RFQ) method.
UNI is currently trading at about $3.84 from recent lows, having risen, but it has fallen about 29% during the widespread cryptocurrency downturn over the last month.
What happened?
BlackRock has integrated BUIDL with UniswapX for automated trading.
Professional traders like Wintermute and Flowdesk provide liquidity.
This fund holds U.S. Treasury bonds and cash, providing yields unlike most stablecoins. According to RWA data, BUIDL's market capitalization is around $2.18 billion.
BlackRock's investment scope has not yet been disclosed. The announcement states that it could be suspended at any time.
Read together: $675 Million In Bitcoin Longs Face Liquidation If Price Breaks Below $65,000
Why does it matter?
This move shows institutional investors' interest in DeFi, but risks remain high. Data indicates that asset tokenization is growing, but regulatory barriers persist.
The short-term surge of UNI contrasts with a month-long downward trend. Market participants question whether long-term liquidity improvement is possible in a highly volatile environment.
Industry trends show more traditional finance entering the cryptocurrency market. However, self-custody and on-chain transactions still face compliance issues.
Background
BUIDL was launched as a dollar-pegged token in 2024 and is considered one of the top tokenization funds.
Uniswap has been operating on Ethereum (ETH) since 2018, handling billions of dollars in trading volume. The Layer 2 solution, Unichain, was first introduced last year.
BlackRock views tokenization as a key element for faster payments. The company believes that Ethereum holds a leading position in the asset tokenization space.
Next read: BlackRock Brings Its $2.4 Billion Treasury Fund To Uniswap In First DeFi Move
