BlackRock discloses plans to purchase Uniswap token UNI, specific purchase quantity not yet disclosed

Odaily News: Following the announcement of deploying BUIDL on the DeFi platform Uniswap, asset management giant BlackRock has indicated it will purchase Uniswap's token UNI, though the specific purchase quantity has not been disclosed.

Analysis suggests that the initial practical impact of Uniswap adding BUIDL to its platform may not be significant, as the protocol involves Securitize creating a qualified institutional whitelist to allow participation in DeFi transactions. The company has also whitelisted some market makers, including long-term cryptocurrency liquidity provider Wintermute, to facilitate trading. Meanwhile, access to BUIDL is restricted to qualified purchasers, defined as individuals or entities with assets of $5 million or more. (Fortune)