BlackRock Enters DeFi Space by Listing BUIDL on Uniswap as UNI Surges

BlackRock has begun its venture into decentralized finance by listing its tokenized U.S. Treasury fund on Uniswap, propelling UNI's value by 25%.

In a significant move into the realm of decentralized finance, BlackRock is set to enable trading of shares from its $2.2 billion tokenized U.S. Treasury fund on the popular decentralized exchange Uniswap. This initiative marks a pivotal step for the asset management giant as it explores the burgeoning DeFi landscape.

The introduction of these tradable shares allows investors access to a new avenue for liquidity and investment, reflecting BlackRock's commitment to innovation within the financial sector. Meanwhile, the announcement has sparked a notable surge in the price of UNI, Uniswap's native token, which has experienced a remarkable increase of 25% following the news.