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Uniswap and Securitize have announced a strategic partnership with BlackRock to provide DeFi liquidity for BlackRock’s tokenized fund.<\/p>\n
Uniswap Labs<\/a> and Securitize have announced a new partnership with financial giant BlackRock<\/a> to enhance DeFi liquidity for institutional investors through BlackRock’s USD Institutional Digital Liquidity Fund, also known as BUIDL.<\/p>\n Following the announcement, the price of Uniswap’s native token, UNI<\/a>, surged by 27% from around $3.30 to $4.36, before retracing to $3.81 by press time.<\/p>\n The collaboration will enable on-chain trading of BUIDL’s share on UniswapX, an auction-driven trading protocol, unlocking new liquidity options for BUIDL holders, Uniswap said in a blog post<\/a> today.<\/p>\n Tokenization platform Securitize, for its turn, will facilitate trading for BUIDL investors who elect to participate through UniswapX’s framework.<\/p>\n “For the first time, institutions and whitelisted investors can access technology from a leader in the decentralized finance space to trade tokenized real-world assets like BUIDL with self-custody,” said Carlos Domingo, CEO of Securitize.<\/p><\/blockquote>\n As part of the collaboration, BlackRock has also made a strategic investment within the Uniswap ecosystem, the blog post reads, though no details were given.<\/p>\n