BlackRock USD Institutional Digital Liquidity Fund (BUIDL) Daily Market Analysis 12 February 2026

BlackRock's BUIDL Fund Expands to Uniswap in Major DeFi Integration

BlackRock is bringing its tokenized Treasury fund BUIDL to Uniswap through Securitize, marking its first direct DeFi trading integration. The integration will make shares of BlackRock USD Institutional Digital Liquidity Fund, known as BUIDL, available to eligible investors via UniswapX technology, according to Wednesday's statement.

Fund Size and Market Position

BUIDL is currently the largest institutional-grade tokenized funds on public blockchains, with approximately $2.4 billion in assets under management as of Feb. 11.

Trading Capabilities and Access

With this integration of UniswapX and Securitize, investors now have the option to access available quotes across the market to swap BUIDL bilaterally with available whitelisted subscribers 24/7, 365 days a year. The new integration pairs the efficiencies of Uniswap's technology with the familiarity of traditional markets, enabling near instant liquidity between BUIDL and USDC for investors.

Regulatory Framework

For the first time, institutions and whitelisted investors can access technology from a leader in the decentralized finance space to trade tokenized real-world assets like BUIDL with self-custody. Access remains limited to qualified and whitelisted investors who have been pre-approved through Securitize's compliance processes.

Strategic Significance

The integration of BUIDL into UniswapX marks a major leap forward in the interoperability of tokenized USD yield funds with stablecoins. BlackRock recently expanded the product's reach by launching on Binance's BNB Chain and Solana, and by integrating with DeFi protocols such as Euler via wrapped versions of the fund.

Based on the search results, I need to clarify an important distinction: BUIDL (BlackRock USD Institutional Digital Liquidity Fund) is a stablecoin pegged to $1.00 USD, so it has not moved in price today.

Price Performance

BUIDL's price moved 0.00% in the last 24 hours, maintaining its $1.00 peg. The current price is $1.00 USD.

Market Context

While BUIDL itself remained stable, significant market activity occurred around the token today. Uniswap Labs and Securitize announced that BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) is now tradable via UniswapX, allowing qualified investors to swap BUIDL for USDC via a request-for-quote framework.

This integration announcement, rather than any BUIDL price movement, drove broader market activity. BlackRock disclosed a strategic investment within the Uniswap ecosystem and reportedly began buying UNI tokens, with that combination driving an initial 40% surge in Uniswap price.

Fund Metrics

BUIDL's total value stands at $2.178 billion with a 7-day APY of 3.40%. The 24-hour trading volume of BUIDL is $0, signaling a drop in market activity.

As a stablecoin backed by U.S. Treasuries, BUIDL maintains price stability by design rather than through market price discovery mechanisms.

Market Sentiment Analysis: BlackRock USD Institutional Digital Liquidity Fund (BUIDL)

Overall Sentiment: Bullish with Institutional Tailwinds

As of February 11, 2026, the total market cap is $1.84B with a change of +2.10% in the last 24 hours. The sentiment surrounding BUIDL demonstrates a constructive outlook driven by recent institutional developments and strategic integrations.

Recent Sentiment Catalysts

DeFi Integration Milestone

BlackRock announced plans to bring its Treasury-backed digital fund, BUIDL, onto the decentralized finance (DeFi) platform Uniswap, with the move also including BlackRock's intention to purchase UNI tokens. The strategic integration allows shares of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) to be traded using UniswapX technology, enabling investors to access market quotes and swap BUIDL directly with whitelisted participants around the clock.

This development signals institutional confidence in DeFi infrastructure maturation and represents a significant bridge between traditional finance and decentralized markets.

Market Structure and Positioning

Competitive Dynamics

Circle's USYC has surpassed BlackRock's BUIDL as the largest tokenized money market fund, with USYC holding $1.69 billion compared to BUIDL's $1.68 billion, attributed to USYC's integration into Binance's off-exchange derivatives collateral rails and its "Accumulates" income structure. However, BUIDL maintains a more diverse holder base with 103 distinct holders.

Institutional Adoption Trends

BlackRock's tokenized money market fund, BUIDL, distributed approximately $100 million in dividends since its launch in March 2024, with its total asset value surpassing $2 billion, highlighting the growing adoption of tokenized cash products in the market.

Liquidity and Trading Conditions

The launch comes with restrictions, as only investors pre-approved by Securitize can trade BUIDL shares onchain, leveraging quotes from a select list of whitelisted market makers, including Flowdesk, Tokka Labs, and Wintermute.

Sentiment Drivers

The price of BUIDL is influenced by several key factors, including overall market sentiment, trading volume, technological developments, and user adoption trends, while broader macroeconomic conditions such as interest rate changes, liquidity cycles, and regulatory signals also play an important role in price movement.

Assessment

Market sentiment reflects cautious optimism regarding BUIDL's institutional positioning and technological advancement. The recent Uniswap integration represents a meaningful expansion of accessibility for institutional investors, though competitive pressures from alternative tokenized money market funds persist. The fund's stable $1.00 price peg and consistent dividend distributions support a neutral-to-positive sentiment trajectory among institutional participants.

BUIDL Technical Analysis: Support & Resistance Levels

Asset Overview

BUIDL is trading at $1.00 as of February 11, 2026, with a market cap of $1.84B, ranking it #41 among all cryptocurrencies. The BlackRock USD Institutional Digital Liquidity Fund functions as a tokenized money market fund, providing a stable, dollar-denominated digital asset that combines the efficiency of blockchain technology with the stability of traditional financial instruments.

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Price Structure & Key Levels

Primary Support Level

• $1.00 (NAV Peg): The Net Asset Value (NAV) is $1.00, serving as the fundamental support level. This represents the intrinsic value backed by a portfolio of highly liquid, short-term U.S. dollar-denominated assets managed by BlackRock's expert team.

Historical Price Range

• All-Time High: $1.00 on February 12, 2025
• All-Time Low: $1.00 on February 12, 2025
• Cycle Low: $0.996 on February 6, 2026

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Trading Volume & Liquidity Analysis

Current Market Activity

In the last 24 hours, the lowest price is $1.00, and the highest price is $1.00, with a trading volume of $--. The 24 hour trading volume of BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is $0 which signals a drop in market activity.

Liquidity Considerations

If you own BUIDL tokens, liquidity of the token is likely to be low. This reflects the institutional nature of the fund, with only investors pre-approved by Securitize able to trade BUIDL shares onchain, leveraging quotes from a select list of whitelisted market makers, including Flowdesk, Tokka Labs, and Wintermute.

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Technical Characteristics

Price Stability

With a price increase of 0.00% in the last 7 days, BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is underperforming the global cryptocurrency market which is up 5.10%. In the last 24 hours BlackRock USD Institutional Digital Liquidity Fund's price moved 0.00%.

Underlying Asset Composition

The fund primarily invests in short-term, high-quality debt instruments, including U.S. Treasury securities, government agency debt, certificates of deposit, commercial paper, and other money market instruments.

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Yield & Distribution Profile

BUIDL offers qualified investors access to U.S. dollar yields on-chain with flexible custody, daily dividend payouts, and near real-time 24/7/365 peer-to-peer transfers. The 7D APY is 3.40%.

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Market Position & Growth

BlackRock's tokenized money market fund, BUIDL, distributed approximately $100 million in dividends since its launch in March 2024, with its total asset value surpassing $2 billion. The fund held over $2.5 billion in assets at recent reporting.

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Institutional Adoption

These features have unlocked innovative utility for institutions spanning treasury management, stablecoin backing, DeFi access, and collateral for trading. Binance added BlackRock's BUIDL Fund as off-exchange collateral for trading, enhancing institutional capital deployment.

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Short-Term & Medium-Term Outlook

Structural Characteristics: BUIDL operates as a stablecoin-equivalent instrument pegged to $1.00 USD, designed for institutional capital preservation rather than price appreciation. The asset exhibits minimal volatility by design, with price stability maintained through backing by high-quality liquid assets.

Trading Environment: The restricted trading environment—limited to pre-approved institutional participants—creates a specialized market with constrained volume and limited retail accessibility. This institutional-only framework supports price stability but limits traditional technical analysis applicability.

Yield Generation: The 3.40% 7-day APY provides the primary return mechanism, distributed daily to token holders, making BUIDL function more as a yield-bearing cash equivalent than a traditional trading vehicle.