Decentralized exchange Uniswap has launched its first permissioned pools to advance its tokenization push. The pools will be available on Uniswap V4 in partnership with tokenized asset issuers Securitize, Superstate, and Dowgo.
According to Uniswap CEO Hayden Adams, the move is aimed at bringing “regulated assets onchain.”
Uniswap protocol is infrastructure for all onchain trading. Some regulated tokens and use cases require permissioned trading. Uniswap v4 can now more easily support these use cases through this new hook.
The new pool will restrict swaps and liquidity linked to tokenized stocks and ETFs to an allowlist of approved wallets.
Any sanctioned entity will automatically be flagged and blocked. To some extent, this is the centralization of a portion of the DEX to achieve key compliance checks for trading of regulated tokenized assets.
Uniswap’s bet on $11T tokenized market boom
The tokenized market is currently valued at $36B, but is expected to hit $11 trillion in the next four years. Since the SEC applies a technology-neutral stance on tokenized securities, the same traditional disclosure requirements and monitoring will apply in the onchain market too.
In fact, attempts by the DeFi industry to push for exemption or limited legal liability have been strongly opposed by traditional stock exchanges and operators like Citadel Securities.
For the TradFi players, all legal responsibilities should apply to anyone handling tokenized securities, whether the platform is non-custodial or not.
As such, the permissioned pools are one way DeFi players like Uniswap seek to ride the tokenization boom while remaining compliant.
If Uniswap captures a fraction of the expected tokenization boom, it could drive more volume and revenue.
That said, the DeFi project has activated several protocol fees across various versions and chains in the past few months. So far, the protocol has generated a cumulative of $5.6B in fees, mostly going to liquidity providers.
In contrast, the protocol’s revenue has remained low at about $27M. The push for protocol fees shared with the liquidity providers could help drive more revenue for the UNI buyback.
So far in 2026, the project has burned about 6-8 million UNI, translating to an average of 1M UNI burned per month.
Can UNI extend its rally?
Notably, the recent Uniswap traction on Robinhood Chain fueled the July rally, boosting UNI to surge by nearly 61% from the June lows.
The altcoin was valued at $3.84 at press time and was above the 200-day Moving Average (MA, blue line). This meant that the long-term market structure was bullish.
As such, UNI could extend the rally to the Q2 peak level at $4.17, implying an extra 12% upside potential.
The bullish set-up would be invalidated if UNI slips below the 200-day MA, currently at $3.6. Such a move would trigger a potential pullback to the 50-day MA at $3.3.
Final Summary
- Uniswap targets the $11T tokenized market with permissioned pools
- UNI has rallied 60% since June and could extend the gains to 70%
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