Uniswap Labs, a core contributor to the Uniswap Protocol, and Securitize, a leader in tokenizing real-world assets, have announced a strategic integration to facilitate the onchain trading of BlackRock USD Institutional Digital Liquidity Fund (BUIDL) shares via UniswapX technology.
This collaboration aims to unlock new liquidity options for BUIDL holders and marks a significant step in bridging traditional finance with decentralized finance (DeFi). The integration enables efficient onchain trading of BUIDL.
Hayden Adams, Founder and CEO of Uniswap Labs, stated, “Our mission at Labs is simple: make exchanging value cheaper, faster and more accessible. Enabling BUIDL on UniswapX with BlackRock and Securitize supercharges our mission by creating efficient markets, better liquidity, and faster settlement.”
Securitize Markets will manage trading for BUIDL investors who choose to participate through UniswapX’s Request for Quote (RFQ) framework. This automated system allows participants to identify the most competitive quote from an ecosystem of whitelisted market participants, including Flowdesk, Tokka Labs, and Wintermute. Trades are settled atomically onchain through immutable smart contracts, with all investors pre-qualified and whitelisted by Securitize.
Carlos Domingo, CEO of Securitize, commented on the development, stating, “This is the unlock we’ve been working toward: bringing the trust and regulatory standards of traditional finance to the speed and openness for which DeFi is known. 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.”
The integration of UniswapX and Securitize provides investors with access to available quotes across the market, allowing them to swap BUIDL bilaterally with whitelisted subscribers 24 hours a day, 365 days a year.
Robert Mitchnick, Global Head of Digital Assets at BlackRock, noted, “This collaboration with Uniswap Labs alongside Securitize is a notable step in the convergence of tokenized assets with decentralized finance. The integration of BUIDL into UniswapX marks a major leap forward in the interoperability of tokenized USD yield funds with stablecoins.” BlackRock has also made a strategic investment within the Uniswap ecosystem.
