USDBlackRock’s $2.4B BUIDL Fund Goes Live on UniswapX as UNI Surges
Institutional Tokenized Fund Gains Onchain Liquidity While Whales Offload 5.9 Million UNI
TL;DR
- BlackRock’s BUIDL fund, with $2.4 billion in assets, became tradable via UniswapX on February 11, 2026.
- UNI jumped as much as 40% to $4.57 before reversing 26% amid $27 million in whale selling.
- Strategic UNI acquisition and onchain swaps mark BlackRock’s first direct DeFi trading integration.
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BlackRock’s USD Institutional Digital Liquidity Fund, known as BUIDL, became tradable onchain through UniswapX on February 11, 2026, allowing eligible investors to swap tokenized shares directly against USDC using smart contracts. The tokenized money market vehicle holds approximately $2.4 billion in net assets under management. Access at launch is limited to whitelisted institutional participants who complete compliance onboarding through Securitize, with trades executed atomically onchain.
Uniswap founder and chief executive Hayden Adams said the integration aligns with the protocol’s objective to “make exchanging value cheaper, faster, and more accessible,” adding that enabling BUIDL trading will deliver “efficient markets, better liquidity, and faster settlement.” Securitize chief executive Carlos Domingo described the launch as “the unlock we’ve been working toward,” stating it combines traditional regulatory standards with decentralized infrastructure while enabling institutional investors to trade tokenized assets with self-custody.
Robert Mitchnick, BlackRock’s Global Head of Digital Assets, called the move a step in connecting tokenized funds with decentralized infrastructure, describing it as “a meaningful development for the convergence of tokenized assets with DeFi.” The integration represents BlackRock’s first formal use of decentralized exchange rails for trading its institutional product. As part of the arrangement, BlackRock also acquired an undisclosed amount of UNI, the governance token of Uniswap.
UNI’s crypto price reacted immediately following the announcement, climbing around 40% during the session and reaching an intraday high of $4.57 before retreating toward the $3.40 range. Trading activity intensified across spot and derivatives venues tracked by major crypto price index providers, while coin market cap rankings showed UNI remained below its prior 2025 highs despite the surge.
Onchain data reviewed the following day showed large holders sold approximately 5.9 million UNI near the session peak, generating an estimated $27 million in selling pressure and contributing to a rapid 26% reversal from the high. Technical levels identified in market tracking placed near-term support around $3.21, with additional historical structure visible near $2.80.
Derivatives positioning also reflected heightened activity, including a reported 10× leveraged long involving roughly 1.21 million UNI, representing about $4.81 million in notional exposure placed shortly after the news. Trading desks reported increased volume around the announcement window as BUIDL shares became accessible through UniswapX’s request-for-quote mechanism with approved liquidity providers.
This article has been refined and enhanced by ChatGPT.
