BlackRock BUIDL on Uniswap: Institutional Entry into DeFi

BlackRock Lists BUIDL on Uniswap

Asset management giant BlackRock is making its first official entry into DeFi by bringing its tokenized US Treasury fund BUIDL to the Uniswap decentralized exchange, representing a significant milestone in institutional adoption. With Wednesday’s announcement, BUIDL is listed, enabling institutional investors to buy and sell the tokenized security. BlackRock will also purchase an unspecified amount of Uniswap’s UNI governance token. The partnership is managed by Securitize, BUIDL’s launch partner; it will initially be available to limited institutional investors and market makers.

Source: Securitize

BUIDL Fund Metrics and Multi-Chain Support

BUIDL is the largest tokenized money market fund with $2.18 billion in total assets according to RWA.xyz data; it is issued on Ethereum, Solana, BNB Chain, Aptos ve Avalanche blockchains. In December, it reached the $100 million cumulative distribution milestone from Treasury holdings. This diversity enhances the accessibility of tokenized assets by increasing liquidity.

BlackRock’s BUIDL metrics. Source: RWA.xyz

Increasing Interest in Tokenized Funds on Wall Street

Interest in tokenized money market funds is increasing on Wall Street; while Goldman Sachs and BNY expand institutional access, JPMorgan views it as a counterbalance to stablecoin growth. BlackRock’s Uniswap move could accelerate the integration of traditional finance with DeFi, directly triggering UNI demand.

UNI Technical Analysis: Price and Trend Status

UNI is currently trading at $3.56, up +5.39% in the last 24 hours. RSI at 34.54 is in the oversold region, the overall trend is downward, and Supertrend is giving a bearish signal. EMA 20: A close above $3.9879 could signal recovery. Check the technical chart for detailed UNI analysis.

• Supports: S1 $2.8450 (Strong, 71% score), S2 $3.3180 (Medium, 57% score)
• Resistances: R1 $3.6949 (Strong, 69% score), R2 $5.6928 (Medium, 55% score)

BlackRock’s UNI purchase could increase UNI futures volume, potentially triggering a test of R1 in the short term.