- BlackRock is launching its BUIDL tokenized treasury fund on Uniswap
- The move uses UniswapX to enable onchain trading settled on Ethereum
- Access will initially be limited to qualified and whitelisted investors
BlackRock is launching its tokenized treasury fund, BUIDL, on Uniswap, marking one of the clearest signals yet that traditional finance is stepping deeper into decentralized rails. According to reports, the move was developed in partnership with tokenization firm Securitize and will allow investors to trade shares of the BUIDL fund directly onchain using UniswapX technology.
This isn’t just about listing a token. It’s about using Uniswap’s market structure to facilitate trading of a real-world asset issued by the largest asset manager in the world. With $14 trillion in assets under management, BlackRock entering DeFi in this way changes the tone of the conversation almost immediately.
Why UniswapX Is a Big Deal Here
Uniswap Labs founder Hayden Adams described the collaboration as a step toward faster, more efficient markets with improved liquidity. The infrastructure matters. BUIDL trading will be settled on Ethereum, with UniswapX powering the onchain execution layer.
That signals confidence in public blockchain settlement rather than private ledgers. It also reinforces the idea that decentralized exchanges aren’t just playgrounds for speculative tokens anymore. They are becoming execution venues for tokenized real-world assets, even if access is tightly controlled at first.
Controlled Access, Strategic Testing
Trading won’t be open to everyone right away. Participation is limited to qualified purchasers and approved liquidity providers, essentially a curated group of institutional or whitelisted investors. This structure allows BlackRock and its partners to test how tokenized treasuries behave inside DeFi infrastructure without opening the floodgates.
It’s a cautious rollout, but that’s intentional. Institutions don’t leap. They iterate. By starting with a limited pool of participants, the partners can monitor liquidity dynamics, settlement flows, and regulatory alignment before expanding access.
Tokenization Is Quietly Becoming Mainstream
Leaders from BlackRock, Uniswap, and Securitize have framed the partnership as a bridge between traditional finance standards and decentralized finance efficiency. Securitize CEO Carlos Domingo described it as bringing regulatory trust to the speed and openness of DeFi.
That framing matters because it highlights what tokenization is really about. It’s not just putting assets onchain for novelty. It’s about reducing friction, improving settlement times, and expanding market access in ways traditional infrastructure struggles to match.
This Is Bigger Than One Fund
BUIDL is BlackRock’s first tokenized fund, but it likely won’t be the last. If this model works, it creates a blueprint for how massive asset managers can issue and distribute financial products using decentralized infrastructure while maintaining compliance controls.
DeFi doesn’t look like it did a few years ago. And now, with BlackRock bringing a treasury fund onto Uniswap rails, it’s clear that the overlap between traditional finance and crypto is no longer theoretical. It’s operational.
