Today in crypto, BlackRock announced its first formal move into decentralized finance, bringing its BUIDL tokenized US Treasury fund to Uniswap, while Danish banking giant Danske Bank said it is opening access to Bitcoin and Ether exchange-traded products (ETPs) for certain clients after years of caution on crypto, citing rising customer demand and clearer EU rules, and the tokenized commodities market — almost entirely represented by gold — blows past $6 billion.
BlackRock enters DeFi, taps Uniswap for institutional token trading
Asset management giant BlackRock is making its first formal move into decentralized finance by bringing its tokenized US Treasury fund to Uniswap, marking a milestone moment for institutional adoption of DeFi.
According to a Wednesday announcement, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) will be listed on the Uniswap decentralized exchange, allowing institutional investors to buy and sell the tokenized security.
As part of the arrangement, the world’s biggest asset manager is also purchasing an undisclosed amount of Uniswap’s native governance token, UNI, the announcement said.
In the wake of Wednesday’s announcement, investors drove the price of UNI as high as $4.2993, CoinMarketCap data showed. Trading volume was 461% higher in the last 24 hours, as of 21:12 UTC, with $879.4 million worth of the tokens trading hands.
The collaboration is being facilitated by tokenization company Securitize, which partnered with the world’s biggest asset manager on the launch of BUIDL. According to Fortune, trading will initially be limited to a select group of eligible institutional investors and market makers before expanding more broadly.
Denmark’s Danske Bank allows clients to buy Bitcoin, Ether ETPs
Danske Bank, the largest bank in Denmark and a major retail bank in Northern Europe with over five million customers, is allowing clients to buy Bitcoin and Ether ETPs from BlackRock and WisdomTree via its eBanking and Mobile Banking platforms for the first time.
The new offering, announced Wednesday, is open to self-directed investors only — customers who trade on the bank’s platform without receiving investment advice — and is explicitly framed as a response to “increasing customer demand” and “improved regulation” in the wake of the European Union’s Markets in Crypto Assets (MiCA) regime.
The bank said customers can initially buy three “carefully selected” ETPs, two tracking Bitcoin (BTC) and one tracking Ether (ETH), offered by BlackRock and WisdomTree and covered by Markets in Financial Instruments Directive II (MiFID) rules on investor protection and cost transparency, which the bank says provide clear advantages over holding coins directly, including ease of trading and secure custody.
Kerstin Lysholm, head of investment products and offerings at Danske Bank, said in the release that, as cryptocurrencies have become more common as an asset class, the bank was receiving an “increasing number of enquiries from customers wanting the option of investing in cryptocurrencies as part of their investment portfolio.”
She added that regulation had “generally increased confidence in cryptocurrencies” and led the bank to conclude “the time is ripe” to make such products available to clients who accept the “very high risks” involved.
Tokenized commodities market crosses $6 billion amid gold’s historic rally
The tokenized commodities market has risen 53% in less than six weeks to over $6.1 billion, making it the fastest-growing vertical in the real-world asset tokenization market as more gold moves onchain.
The tokenized commodities market was valued at just over $4 billion at the start of the year, meaning around $2 billion has been added to the market’s value since Jan. 1, according to data from crypto analytics platform Token Terminal.
Data shows the tokenized commodities market is dominated by gold products.
Stablecoin issuer Tether’s gold-backed token, Tether Gold (XAUt), has been the biggest contributor to the rise, with its market cap increasing 51.6% in the past month to $3.6 billion, while the Paxos-listed PAX Gold (PAXG) has increased 33.2% to $2.3 billion over the same timeframe.
Tokenized commodities have now risen 360% year-on-year, with the increase since the start of 2026 outpacing growth in the tokenized stocks and tokenized funds markets at 42% and 3.6%, respectively.
