Uniswap (CRYPTO: UNI) spiked 15% after BlackRock (NYSE:BLK) on Wednesday integrated its $1.8 billion BUIDL token onto UniswapX, purchasing an undisclosed amount of UNI tokens.
The BlackRock DeFi Entry
According to a press release, BlackRock will bring its Treasury-backed digital token BUIDL onto Uniswap, where institutional traders can buy and sell it through UniswapX technology.
The world’s largest asset manager also purchased UNI tokens as part of the deal.
Uniswap Labs partnered with tokenization firm Securitize to enable on-chain trading of BUIDL.
The integration creates near-instant liquidity between BUIDL and USDC for investors through 24/7 trading, 365 days per year.
Hayden Adams, Uniswap Labs CEO, said the collaboration supercharges the mission to make exchanging value cheaper, faster, and more accessible by creating efficient markets and better liquidity.
The mechanics work through whitelisting.
Securitize Markets facilitates trading for BUIDL investors who choose to participate through UniswapX’s RFQ framework.
The automated system identifies the most competitive quote from whitelisted market makers including Flowdesk, Tokka Labs, and Wintermute, settling trades on-chain through smart contracts.
However access remains restricted.
Only qualified purchasers with $5 million or more in assets can trade BUIDL.
Securitize creates a whitelist of eligible institutions, meaning relatively few traders will exchange BUIDL initially.
Carlos Domingo, Securitize CEO, called this “the unlock we’ve been working toward” by bringing traditional finance trust and regulatory standards to DeFi’s speed and openness.
Why This Matters
The deal validates DeFi infrastructure for Wall Street institutions.
BlackRock choosing Uniswap signals that major asset managers view decentralized exchanges as viable platforms for tokenized assets.
The collaboration took shape over 18 months of meetings between BlackRock’s Manhattan office and Uniswap’s SoHo space.
Former Uniswap COO and ex-BlackRock executive Mary-Catherine Ladner helped broker the deal.
Robert Mitchnick, BlackRock’s Global Head of Digital Assets, said the integration marks “a major leap forward in the interoperability of tokenized USD yield funds with stablecoins.”
Uniswap Technical Bounce
UNI is up 15%, bouncing from capitulation lows around $2.8-$3.
The Parabolic SAR at $2.842 flipped below price for the first time during the decline, suggesting near-term momentum may shift.
However, all moving averages sit above price: 20 EMA at $4.011, 50 EMA at $4.713, 100 EMA at $5.448, and 200 EMA at $6.349.
The downtrend structure remains intact despite the rally.
Immediate resistance appears at $4-$4.2, including the 20 EMA.
Above that, the 50 EMA at $4.71 and $5 psychological level represent major hurdles. UNI needs to hold above $3.5 on pullbacks to validate the bounce.
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