BlackRock’s latest move into DeFi is already making waves across the market.
UNI jumped more than 3% after the asset-management giant announced plans to bring its $2 billion tokenized U.S. Treasury fund to Uniswap and purchase the protocol’s governance token as part of the rollout. The decision signals a notable shift, with one of the world’s largest financial institutions leaning on public DeFi infrastructure rather than closed, proprietary systems.
The fund, known as BUIDL, has quickly grown into the largest tokenized money market product on the market, with over $2 billion in assets. It’s already been deployed across multiple blockchains, and the Uniswap integration marks another step toward making real-world assets tradable directly on decentralized platforms.
The broader trend is hard to ignore. Tokenized Treasuries and other real-world assets are increasingly being viewed as the next phase of institutional crypto adoption, especially as firms look for yield-bearing instruments that can function inside on-chain financial systems.
UNI’s price reaction may have been modest, but the signal from BlackRock is much bigger: institutions are starting to treat public DeFi protocols as legitimate financial rails.
