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BlackRock Brings BUIDL T-Bill Trading to Uniswap

BlackRock also potentially purchased UNI tokens.
BlackRock Brings BUIDL T-Bill Trading to Uniswap
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BlackRock – the world's largest asset manager with $14T in assets under management – just approved its tokenized treasury bill fund (BUIDL) to trade on Uniswap Uniswap – the world's largest decentralized exchange with $3B in total value locked.

What's the Scoop?

  • New Partnership: BlackRock and Securitize announced Wednesday that they are making shares of BUILD (their tokenized, short-term U.S. treasury bill fund) tradable via UniswapX, the intents-based swapping protocol that exclusively benefits Uniswap Labs.
  • More Liquidity: The trading integration will unlock new liquidity options for BUIDL holders. According to Hayden Adams of Uniswap Labs, "Enabling BUIDL on UniswapX with BlackRock and Securitize supercharges our mission by creating efficient markets, better liquidity, and faster settlement."
  • Unlimited Trading: With this integration of UniswapX and Securitize, investors can now swap BUIDL bilaterally with available whitelisted investors 24/7, 365 days a year. Before trading BUILD through UniswapX, all investors must be pre-qualified by Securitize.
  • Uniswap Investment: According to the asset manager's press release,
    "BlackRock has also made a strategic investment within the Uniswap ecosystem." The firm did not disclose whether it had purchased Uniswap Labs equity, UNI tokens, or the amount it invested.

Jack Inabinet

Written by Jack Inabinet

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Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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