Uniswap's (UNI) governance token jumped over 13% on February 11, 2026, after BlackRock announced integration of its BUIDL fund with UniswapX.
The $2.2 billion tokenized Treasury fund now trades onchain through decentralized bids. BlackRock also invested in Uniswap's ecosystem, including UNI tokens.
The partnership involves Securitize, BUIDL's manager. It allows institutional market makers to compete via requests for quotes.
UNI traded at about $3.84, up from recent lows. Yet, the token dropped nearly 29% over the past month during broader crypto slumps.
What Happened
BlackRock integrated BUIDL with UniswapX for automated trading.
Professional traders like Wintermute and Flowdesk provide liquidity.
The fund holds U.S. Treasuries and cash, offering yields unlike most stablecoins. BUIDL's market cap stands at $2.18 billion, per RWA data.
BlackRock's investment scope remains undisclosed. A disclosure notes potential discontinuation at any time.
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Why It Matters
This step highlights institutional interest in DeFi, but risks persist. Data shows tokenized assets grew, yet regulatory hurdles loom.
UNI's spike contrasts with monthly declines. Observers question long-term liquidity gains amid volatile markets.
Industry trends reveal more TradFi entries into crypto. Yet, self-custody and onchain trades face compliance challenges.
Background
BUIDL launched in 2024 as a dollar-pegged token. It ranks among top tokenized funds.
Uniswap, on Ethereum (ETH) since 2018, handles billions in volume. Its Unichain layer-2 debuted last year.
BlackRock views tokenization as key for faster settlements. Ethereum leads in such assets, per firm outlooks.
Read next: BlackRock Brings Its $2.4 Billion Treasury Fund To Uniswap In First DeFi Move