UNI Rallies 10% As BlackRock Brings Treasury‑Backed BUIDL Token To Uniswap
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....
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Crypto exchange Binance has announced that BlackRock’s tokenized fund, BUIDL, will now be accepted as collateral on the platform. This comes as the tokenized fund expands to the BNB chain, a move welcomed by the exchange’s former CEO, Changpeng Zhao. What The Binance Partnership With BlackRock’s BUIDL Means Binance has partnered with BlackRock’s BUIDL to […]
Financial management behemoth BlackRock has made another move in its approach to blockchain by starting a fund for big clients on the Solana network. Reports from Fortune say that this fund, called the USD Institutional Digital Fund (BUIDL), is now available on seven different blockchain platforms. Related Reading: Solana Co-Founder Challenges Layer 2s—Are They Even […]