UNI Rallies 10% As BlackRock Brings Treasury‑Backed BUIDL Token To Uniswap

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. 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 releasefrom 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.  Related Reading Ripple Wins Key UAE Bank Partnership To Support Digital Asset Infrastructure 1 day ago

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.  Related Reading Strategy Unfazed By Bitcoin Crash, Michael Saylor Vows Quarterly Purchases 12 hours ago

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. The 1-D chart shows UNI’s rally beyond $4 before the subsequent retrace to current trading prices. Source: UNIUSDT on TradingView.com

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