BlackRock Brings BUIDL to Uniswap DeFi Exchange Trading Hubs
- BlackRock enables BUIDL trading on UniswapX for selected institutional investors.
- Securitize manages compliance and whitelist accessibility for institutional investors.
- Integration links tokenized Treasury yield funds with stablecoin liquidity rails.
BlackRock will list its Treasury-backed digital token BUIDL on Uniswap, marking a major step into decentralized finance. The world’s largest asset manager will enable institutional trading of the $1.8 billion token through UniswapX. The move, carried out with Securitize, links traditional finance with blockchain-based markets. The arrangement also includes BlackRock purchasing an undisclosed amount of Uniswap’s UNI token.
According to a Fortune report, the partnership represents a milestone for the DeFi sector. Today, roughly $100 billion in capital sits across DeFi platforms. BlackRock launched BUIDL in 2024. The token represents a Treasury-backed yield product and holds a total market value of about $1.8 billion.
BlackRock extends its digital asset strategy through BUIDL trading on Uniswap because of its decentralized exchange capabilities. The BUIDL Integration operates through its integration system, which enables users to use BUIDL.
How the BUIDL Integration Works
To execute the integration, BlackRock partnered with Uniswap Labs and tokenization firm Securitize. Securitize manages regulatory and compliance requirements for tokenized real-world assets. The firm will also whitelist qualified institutions allowed to trade BUIDL.
BUIDL shares will trade through UniswapX. The system sources quotes from approved market makers and settles trades directly on the blockchain. All participants must complete pre-qualification through Securitize before accessing the token.
Robert Mitchnick, BlackRock’s global head of digital assets, addressed the collaboration in a statement. “This collaboration with Uniswap Labs alongside Securitize is a notable step in the convergence of tokenized assets with decentralized finance,” he said. He added that integrating BUIDL into UniswapX advances interoperability between tokenized USD yield funds and stablecoins.
Uniswap founder and CEO Hayden Adams told Fortune the deal followed eighteen months of meetings. Discussions took place at BlackRock’s Hudson Yards office and at Uniswap’s SoHo headquarters. Adams also noted that former Uniswap COO Mary-Catherine Lader, a former BlackRock executive, helped broker the agreement.
DeFi Infrastructure Meets Institutional Controls
Uniswap operates as the largest decentralized exchange on Ethereum. The platform allows users to swap tokens directly from digital wallets within seconds. Instead of centralized intermediaries, it relies on smart contracts, liquidity pools, and automated market makers.
With BUIDL trading on Uniswap, the exchange expands into tokenized government bond products. Qualified investors will swap BUIDL around the clock using stablecoins. Approved market makers, including Wintermute, will provide liquidity for the trades.
Access remains limited to qualified purchasers. These investors must hold at least $5 million in assets to meet legal requirements. Securitize will oversee the whitelist process for institutions and selected market makers.
The current trading system will demonstrate its effectiveness through operational testing, as the existing setup will start with limited trading volumes. The study tests whether conventional financial instruments can be exchanged through decentralized platforms that operate under regulatory frameworks. The controlled rollout of the system will determine whether it enables wider adoption of tokenized stock trading through blockchain technology.
Related: BlackRock Targets Bitcoin Income Play With Covered-Call ETF Filing
A Gradual Approach to Tokenized Markets
Securitize CEO Carlos Domingo described the rollout as a measured strategy. “Large asset managers want to walk before they run and start with qualified purchasers,” he said. He added that the announced infrastructure can also support retail products in the future.
The integration connects BlackRock’s tokenized Treasury product with DeFi liquidity pools. It also links stablecoin markets with institutional-grade yield instruments. As a result, tokenized assets gain access to continuous trading and blockchain settlement.
Adams told Fortune that the partnership validates his long-standing view that asset trading will migrate to blockchain systems. He cited instant settlement and improved collateral efficiency as key advantages of tokenization. According to Adams, these efficiencies may deliver savings to the broader investing ecosystem. For now, BlackRock’s BUIDL listing on Uniswap stands as one of the clearest examples of traditional finance entering decentralized markets under structured controls.
