UNI Jumps 3% as BlackRock Brings $2B Treasury Fund to Uniswap
BlackRock is moving deeper into blockchain-based finance, announcing plans to make its tokenized U.S. Treasury fund available on the decentralized exchange Uniswap.
The firm said in an announcement on Wednesday that its USD Institutional Digital Liquidity Fund, or BUIDL, will be tradable on the platform through a controlled rollout aimed at institutional participants.
The tokenized fund represents short-term U.S. Treasury exposure and is designed to operate natively on blockchain networks.
That integration is being coordinated by digital asset tokenization firm Securitize, which worked with BlackRock on the original launch of BUIDL. As part of the collaboration, BlackRock will also purchase an undisclosed amount of UNI, the governance token associated with the Uniswap protocol.
UNI gained more than 3% after the announcement, data from CoinMarketCap shows.
UNI price (Source: CoinMarketCap)
Initially, access to the fund on Uniswap will be restricted to a limited group of qualified institutional investors and designated liquidity providers. Broader availability is expected to follow once the infrastructure and compliance framework are fully in place.
Securitize chief executive Carlos Domingo said the move demonstrates how large financial institutions are beginning to rely on public blockchain infrastructure rather than closed, proprietary systems.
“For the first time, institutions and whitelisted investors can access technology from a leader in the decentralized finance space to trade tokenized real-world assets like BUIDL with self-custody,†he said.
BlackRock’s BUIDL Emerges as Largest Tokenized Money Market Fund
BUIDL has quickly become the largest tokenized money market fund, holding more than $2.18 billion in assets, according to figures from RWA.xyz.
BUIDL overview (Source: RWA.xyz)
The fund has been deployed across several major blockchains, including Ethereum, Solana, BNB Chain, Aptos, and Avalanche, reflecting a strategy aimed at multiple ecosystems rather than a single network.
BUIDL also reached a distribution milestone late last year, with total payouts from its Treasury holdings surpassing $100 million. That performance has drawn attention from institutions seeking blockchain-based alternatives to traditional cash management tools.
Tokenized Funds Gain Momentum
BlackRock’s latest move comes amid a broader push by major financial institutions into tokenized money market products. Firms such as Goldman Sachs and BNY have already announced initiatives designed to give institutional clients access to similar instruments on blockchain infrastructure.
Some strategists see tokenized funds as a response to the explosive growth of stablecoins. While stablecoins focus primarily on price stability and transactional utility, tokenized Treasury products are positioned as yield-bearing alternatives that can still operate within decentralized systems.
Analysts at JPMorgan have previously noted that tokenized money market shares could eventually be used as collateral in onchain transactions, allowing capital to remain productive while supporting trading, lending, and other financial activities. That functionality could make them a more efficient liquidity tool than traditional cash holdings.
At the same time, pending U.S. legislation aimed at providing clearer rules for stablecoins could reshape how capital flows across digital asset markets. Some industry executives believe those regulatory developments may also accelerate the adoption of tokenized real-world assets by giving institutions greater confidence in the legal environment.
