BlackRock takes first DeFi step, lists BUIDL on Uniswap as UNI jumps 25%

BlackRock, the world-wide largest asset manager, on Wednesday said it will make shares of its tokenized U.S. Treasury fund, BUIDL, tradable on Uniswap, marking the asset manager’s first step into decentralized finance (DeFi). As part of the move, BlackRock also disclosed a strategic investment in Uniswap and purchased an undisclosed amount of UNI, Uniswap’s governance token, which surged 25% on the news, now trading at $4.11. BUIDL, which launched in 2024, is the largest tokenized U.S. Treasury fund on ...