Asset management giant BlackRock is venturing into decentralized finance by launching its tokenized US Treasury fund on Uniswap, a move that signals institutional adoption of DeFi. BlackRock is buying Uniswap’s UNI token and partnering with Securitize for the launch. The fund, BUIDL, is the largest tokenized money market fund, with over $2.18 billion in total assets spread across multiple blockchains, including Ethereum and Solana. In December, BUIDL surpassed $100 million in cumulative distributions from its Treasury holdings.

Wall Street is embracing tokenized money market funds, with major institutions like Goldman Sachs and BNY also exploring the technology. JPMorgan strategists see tokenized money market funds as a potential counterweight to stablecoin growth, as the GENIUS Act could accelerate stablecoin adoption. Tokenization allows investors to use money market fund shares as collateral without sacrificing yield, potentially offsetting liquidity shifts.

Tokenized real-world assets may see growth under the GENIUS Act, according to experts. Solomon Tesfaye of Aptos Labs believes clearer stablecoin regulations could drive broader adoption of onchain assets. JPMorgan strategist Teresa Ho sees tokenized money market funds as a way to balance the rapid expansion of stablecoins. Crypto investment themes in 2026 may focus on Bitcoin, stablecoin infrastructure, and tokenized assets.

Read more at Cointelegraph: BlackRock Brings $2.1B BUIDL Fund to Uniswap