🏦 BlackRock enters DeFi through Uniswap. How did the market react?

This is no longer an experiment.

The world's largest asset manager launches trading of the tokenized fund BUIDL on Uniswap.

And yes — the market reacted instantly. 👇

BlackRock is bringing its BUIDL money market fund (backed by short US Treasuries) into the DeFi environment.

📌 The market value of the fund is about $1.8 billion

📌 Launched in 2024

📌 Now available for trading via UniswapX

At the same time, BlackRock is purchasing UNI tokens (volume not disclosed).

This is one of the loudest cases of the convergence of Wall Street and DeFi.

📌 Currently, ~ $100 billion of capital is concentrated on DeFi platforms.

And now the traditional money market begins to exist within smart contracts.

📈 How did UNI react?

🔼 In light of the news, the price momentarily rose to $4.29

Currently trading around $3.33

💰 Market capitalization — over $2 billion

There was momentum, but without a full consolidation above.