The BUIDL fund affiliated with BlackRock is launched on the Uniswap platform with the price of UNI token rising by 40%
The price of UNI shares rose by 40% within minutes after the Uniswap platform enabled trading for the BlackRock-affiliated BUIDL token through integration with UniswapX.
The UNI token of the Uniswap platform rose by about 40% within half an hour after Uniswap Labs announced that the BlackRock-affiliated BUIDL money market fund can now trade through its protocol.
This move connects one of the largest asset management companies in the world with a decentralized exchange, attracting the attention of both traders and institutional observers alike.
BlackRock funds begin trading on the Uniswap Rails platform
In a press release issued on February 11, Uniswap Labs stated that it has partnered with Securitize to make BlackRock's institutional digital liquidity fund in US dollars available for trading via UniswapX, its proprietary trading system for requesting quotes.
The company announced that investors can exchange BUIDL tokens with approved counterparties at any time using smart contracts for settlement.
Hayden Adams, CEO of Uniswap Labs, stated that the integration aims to make markets cheaper and faster, while Carlos Domingo, CEO of Securitize, mentioned that it brings the standards
