#blackRock is bringing BUIDL directly to #uniswap

BlackRock’s tokenized Treasury fund (BUIDL) will now be tradable onchain using UniswapX, working with Uniswap Labs and Securitize.

Access is still limited to whitelisted institutional investors via Securitize Markets, but this is the first time BlackRock is directly using DeFi trading infrastructure for one of its tokenized products.

BUIDL manages around $2.4B and is backed by U.S. Treasuries and cash equivalents.

BlackRock also picked up an undisclosed amount of $UNI ,and the token jumped about 20% after the news.