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| By Mark Gough |
While crypto markets continue to search for a durable bottom this cycle, the underlying building hasn’t slowed down.
In fact, one of the most powerful financial institutions in the world just doubled down on bringing capital markets onchain.
In partnership with Securitize, Uniswap Labs — the team behind the Uniswap (UNI, “B-”) decentralized exchange — has enabled trading of BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) via UniswapX.
That means a BlackRock-issued tokenized money market fund can now access decentralized liquidity rails.
Robert Mitchnick, Global Head of Digital Assets at BlackRock, called the collaboration “a notable step in the convergence of tokenized assets with decentralized finance.”
And indeed, it is a massive step toward solving one of tokenization’s biggest challenges: secondary liquidity.
Eligible, whitelisted investors can request competitive quotes through UniswapX’s RFQ system and swap BUIDL for USDC with near-instant on-chain settlement. Liquidity providers compete to offer pricing, and trades execute through smart contracts 24/7.
But there’s another layer here.
BlackRock also disclosed a strategic investment within the Uniswap ecosystem. While the amount was not revealed, this move signals this partnership goes beyond a simple product integration.
And I wasn’t the only one to notice. The market’s reaction was telling.
UNI jumped roughly 25% on the news. It did give those gains back quickly, but I see that as a reminder of the current market environment more than a fundamental weakness.
Remember, right now, traders are still selling into strength rather than positioning for sustained upside.
Which means the infrastructure buildout continues.
The institutional bridge is forming. The market only needs conviction to match it before we see a sustained price recovery.
Fortunately, this wait gives you the time you need to find your next RWA play.
For a good place to start, I suggest you check out my what my colleague Michael Robinson’s has found.
He’s a tech expert who worked as an adviser to 12 high-tech startups in Silicon Valley. He began to look at the RWA push from the TradFi side. And he’s found a few ways to gain exposure to tokenization from that angle.
In fact, he recently published several reports on the TradFi companies at the heart of this $19 trillion crypto boom.
You can learn more about them — and how to access his full reports on them — here.
Best,
Mark Gough
