Hey, it’s Marc & the 51 team,

For the past few years, the key question in tokenization has been whether it would be integrated into DeFi protocols.

But on February 11, 2026, BlackRock answered this question.

By integrating its $2.2B BUIDL fund with Uniswap (the largest DEX), BlackRock(the world’s largest asset manager) enabled institutions to swap U.S. Treasuries for USDC, 24/7, 365 days a year. [RELEASE]

But this isn’t the open DeFi you’re used to. It’s a hybrid of public and private markets.

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What happened

On February 11, 2026, Uniswap, in partnership with Securitize, announced that BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) is now available for trading on UniswapX. This integration allows for on-chain trading of BUIDL. It opens new liquidity options for BUIDL holders and connects traditional finance with DeFi. [RELEASE]