BlackRock is bringing its USD Institutional Digital Liquidity Fund, or BUIDL, to Uniswap, marking the asset manager’s first formal integration with decentralized finance infrastructure. The move will allow eligible institutional investors and market makers to trade the tokenized US Treasury fund on a decentralized exchange. BUIDL currently holds more than $2.1 billion in assets, making it the largest tokenized money market fund.
The initiative is being facilitated by tokenization firm Securitize, which partnered with BlackRock on BUIDL’s launch. As part of the arrangement, BlackRock will also acquire an undisclosed amount of Uniswap’s UNI governance token. Trading access is expected to expand gradually beyond an initial group of approved participants.
The development reflects accelerating institutional interest in tokenized real-world assets as traditional asset managers seek blockchain-based settlement efficiencies. Wall Street firms, including Goldman Sachs and BNY, have explored similar structures, while policymakers debate stablecoin regulation that could reshape short-term liquidity markets. BlackRock’s entry into DeFi underscores the convergence of regulated financial products with onchain trading venues.
