BlackRock Brings Institutional Muscle to Decentralized Finance
BlackRock has taken its first direct engagement with DeFi protocols for institutional products by partnering with Uniswap Labs and Securitize.
The $2.4 billion BUIDL fund will now trade on decentralized infrastructure through UniswapX technology starting Wednesday.
UniswapX functions as an off-chain order routing system that pulls liquidity from multiple sources before settling trades on blockchain networks.
The partnership enables 24-hour trading access while maintaining regulatory oversight through Securitize's broker-dealer infrastructure.