BlackRock's BUIDL Fund Arrives on Uniswap as UNI Surges by 40%

Uniswap’s UNI token experienced a 40% surge within 30 minutes after the announcement that BlackRock's tokenized fund, BUIDL, could now trade through its protocol. Uniswap Labs partnered with Securitize to make BlackRock's fund available for trading via UniswapX. The integration aims to make markets cheaper and faster, bringing traditional financial standards to blockchain-based trading. The launch marks a significant step for tokenized funds interacting with decentralized finance systems. BlackRock also invested in the Uniswap ecosystem, though the details remain undisclosed. Despite the recent surge, UNI is still down by 9% over the past week and more than 35% over the past month, indicating the spike occurred after a longer decline. The move is part of a growing trend of institutions introducing financial products on public blockchains.