Uniswap’s UNI token spiked roughly 40 percent in just 30 minutes after Uniswap Labs announced that BlackRock’s tokenized money market fund, BUIDL, is now available for trading via UniswapX. The integration connects one of the world’s largest asset managers with a decentralized exchange, drawing attention from both traders and institutional observers.
Uniswap Labs partnered with Securitize to make BlackRock’s USD Institutional Digital Liquidity Fund accessible on its request-for-quote platform, allowing investors to swap BUIDL with approved counterparties at any time using smart contract settlement. Uniswap CEO Hayden Adams said the move aims to make markets faster and cheaper, while Securitize CEO Carlos Domingo highlighted that it brings traditional finance standards to blockchain trading. BlackRock’s head of digital assets, Robert Mitchnick, described the launch as a significant step for tokenized funds in DeFi. The firm also confirmed an investment within the Uniswap ecosystem, though details were not disclosed.
Following the announcement, UNI jumped to 4.57 dollars before settling near 3.40 dollars, still up about 5 percent over 24 hours. Despite this short-term gain, the token remains down roughly 9 percent over the week and over 35 percent in the past month, showing the spike came amid a broader decline.
The BUIDL integration reflects a growing trend of major financial institutions bringing tokenized assets to public blockchains. Earlier this year, 35 firms, including BlackRock, JPMorgan, and Fidelity, launched Ethereum-based products such as tokenized stocks, funds, stablecoins, and deposit tokens. Securitize, which manages over 4 billion dollars in assets, has worked with Apollo, KKR, and BNY to enable compliant tokenized fund trading. UNI’s recent volatility underscores how closely markets follow institutional moves in decentralized finance.
