BlackRock Brings $2.1B BUIDL Fund to Uniswap
Asset management giant BlackRock is making its first formal move into decentralized finance by bringing US Treasury funds into Uniswap, a critical juncture for the adoption of institutional deflation.
According to Wednesday's announcement, BlackRock will list its US Dollar Institutional Digital Liquidity Fund (BUIDL) on the Uniswap decentralized exchange, allowing institutional investors to buy and sell the tokenized security.
As part of the arrangement, BlackRock is buying Uniswap's native management token UNI for an undisclosed amount, the announcement said.
The collaboration is being facilitated by tokenization company Securities, which partnered with the world's largest asset manager on the BUIDL startup.
According to Fortune, trading will initially be limited to select institutional investors and market makers before becoming more widespread.
“For the first time, institutions and accredited investors can access technology to autonomously trade real-world assets like BUIDL, a leader in the decentralized finance space,” said Carlos Domingo, CEO of Securities.
BUIDL is the largest money market fund with total assets of over $2.18 billion, according to data compiled by RWA.xyz. The currency is issued on several blockchains, including Ethereum, Solana, BNB Chain, Aptos and Avalanche.
In December, BUIDL reached a key milestone of over $100 million in treasury holdings.
Related: Avalanche token rises Q4 as BlackRock's BUIDL expands on chain
Wall Street boosts tokenized currency market amid steady coin growth
Tokenized money market funds have gained significant interest on Wall Street, with several major financial institutions joining BlackRock in exploring the technology. Goldman Sachs and BNI, for example, have partnered to expand money market products by expanding institutional access.
JPMorgan strategists also highlighted the asset class as a potential weight for the stablecoin's rapid growth. While both are based on blockchain infrastructure, Genius Law is widely expected to accelerate the adoption of stablecoins, which may move away from traditional money market funds.
Tokenization helps offset that change by allowing investors to post money market fund shares as collateral without sacrificing yield, JPMorgan strategist Teresa Ho said last year.
Certainly, the GENIUS Law can also accelerate the development of tokenized real-world assets, Solomon Tesfaye, chief commercial officer at Aptos Labs, who previously told Cointelegraph that transparent stablecoin regulations could stimulate widespread onchain adoption.
Related: Crypto's 2026 Investment Playbook: Bitcoin, stablecoin infrastructure, tokenized assets
