UNI Rallies 10% As BlackRock Brings Treasury‑Backed BUIDL Token To Uniswap
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Uniswap's UNI token surged following BlackRock's plan to launch its BUIDL digital fund on the DeFi platform, which includes purchasing UNI tokens. The integration aims to facilitate trading of tokenized assets and enhance market access. UNI reached a high of $4.50 before retreating to around $3.68, standing out in a sluggish crypto market.
Uniswap’s native token, UNI, posted a sharp gain on Wednesday after the world’s largest asset manager, BlackRock, announced plans to bring its Treasury‑backed digital fund, BUIDL, onto the decentralized finance (DeFi) platform.
The move, which also includes BlackRock’s intention to purchase UNI tokens, fueled a strong rally in the token during the trading session.
BUIDL Launch On Uniswap
The development was detailed in a joint press release from Uniswap Labs and Securitize. The two companies revealed a strategic integration that will allow shares of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to be traded using UniswapX technology.
Through the integration of UniswapX with Securitize’s infrastructure, investors will be able to access market quotes and swap BUIDL directly with whitelisted participants around the clock, every day of the year.
The companies described the move as an important step in bridging traditional financial products with decentralized trading systems.
Robert Mitchnick, BlackRock’s Global Head of Digital Assets, characterized the collaboration as a meaningful development in the convergence of tokenized assets and decentralized finance.
He said integrating BUIDL into Uniswap represents significant progress in enabling interoperability between tokenized US dollar yield funds and stablecoins.
UNI Outperforms Sluggish Crypto Market
Following the announcement, Uniswap climbed to a weekly high of $4.50 earlier on Wednesday. However, the upward momentum eased later in the session, with the token pulling back to around $3.68 at the time of writing.
Even with the retracement, UNI stood out as one of the few cryptocurrencies recording gains during the day, as Bitcoin (BTC) and the broader digital asset market continued to face bearish pressure.
From a technical perspective, Uniswap investors will need to watch the $3.14 level, which has served as support since Friday of last week. On the upside, the $4.70 level may act as short‑term resistance if renewed buying interest pushes prices higher in the coming days.
Featured image from OpenArt, chart from TradingView.com
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Securitize and Uniswap Labs Expand Access to Blackrock’s BUIDL
BlackRock takes first DeFi step, lists BUIDL on Uniswap as UNI jumps 25%
UNI Rallies 10% As BlackRock Brings Treasury‑Backed BUIDL Token To Uniswap
Поделиться:
Uniswap's UNI token surged following BlackRock's plan to launch its BUIDL digital fund on the DeFi platform, which includes purchasing UNI tokens. The integration aims to facilitate trading of tokenized assets and enhance market access. UNI reached a high of $4.50 before retreating to around $3.68, standing out in a sluggish crypto market.
Uniswap’s native token, UNI, posted a sharp gain on Wednesday after the world’s largest asset manager, BlackRock, announced plans to bring its Treasury‑backed digital fund, BUIDL, onto the decentralized finance (DeFi) platform.
The move, which also includes BlackRock’s intention to purchase UNI tokens, fueled a strong rally in the token during the trading session.
BUIDL Launch On Uniswap
The development was detailed in a joint press release from Uniswap Labs and Securitize. The two companies revealed a strategic integration that will allow shares of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to be traded using UniswapX technology.
Through the integration of UniswapX with Securitize’s infrastructure, investors will be able to access market quotes and swap BUIDL directly with whitelisted participants around the clock, every day of the year.
The companies described the move as an important step in bridging traditional financial products with decentralized trading systems.
Robert Mitchnick, BlackRock’s Global Head of Digital Assets, characterized the collaboration as a meaningful development in the convergence of tokenized assets and decentralized finance.
He said integrating BUIDL into Uniswap represents significant progress in enabling interoperability between tokenized US dollar yield funds and stablecoins.
UNI Outperforms Sluggish Crypto Market
Following the announcement, Uniswap climbed to a weekly high of $4.50 earlier on Wednesday. However, the upward momentum eased later in the session, with the token pulling back to around $3.68 at the time of writing.
Even with the retracement, UNI stood out as one of the few cryptocurrencies recording gains during the day, as Bitcoin (BTC) and the broader digital asset market continued to face bearish pressure.
From a technical perspective, Uniswap investors will need to watch the $3.14 level, which has served as support since Friday of last week. On the upside, the $4.70 level may act as short‑term resistance if renewed buying interest pushes prices higher in the coming days.
Featured image from OpenArt, chart from TradingView.com
В этой новости
Монеты
$ 67.12K
-0.04%$ 3.41
+4.53%Поделиться:
В этой новости
Монеты
$ 67.12K
-0.04%$ 3.41
+4.53%Поделиться:
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Securitize and Uniswap Labs Expand Access to Blackrock’s BUIDL