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Uniswap

DeFi

Uniswap Labs launched a new Uniswap v4 feature called “Permissioned Pools” today, July 23, 2026.This feature lets issuers of tokenized funds and securities trade only with approved wallets, making the automated market maker available to regulated assets for the first time.<h3 id="span-style-font-weight-400-new-update-new-criteria-span">New update, new criteria</h3>​The new update brings a completely new approach to checking who can trade with an issuer. Normally, anyone with a wallet can join a <a href="https://www.cryptopolitan.com/uniswap-to-expand-unification-to-v4/" rel="noopener noreferrer nofollow">Uniswap pool</a>. But permissioned pools add a simple gate: only wallets on the issuer’s approved list can trade or provide liquidity.If you’re approved, you get access to Uniswap’s trading features. If not, the trade or deposit won’t go through.Uniswap Labs built permissioned pools using a v4 “hook,” which is a plug-in that lets developers add their own rules to a pool without changing the main Uniswap system. The company <a href="https://blog.uniswap.org/introducing-permissioned-pools-on-uniswap-v4" rel="noopener noreferrer nofollow">clarified</a> that regulated tokens are kept in a separate contract with permissions, while the pool itself uses v4’s new accounting setup for trading.Uniswap calls this the first open-source standard designed for institutions to trade regulated assets on an automated market maker.Ken Ng, head of ecosystem at Uniswap Labs, told CoinDesk that the new standard allows issuers to set up their own compliance rules without having to build their own trading systems. He called this “the next generation of value coming onchain,” and noted that projects are already starting to use the hook.Three companies launched with the new standard.&nbsp;<ul><li style="font-weight: 400">Superstate, which tokenizes equities and funds, was an early design partner and helped shape how the pools work for those assets.</li><li style="font-weight: 400">Securitize previously worked with Uniswap Labs to get its DS Protocol tokens trading onchain in compliance, laying the foundation for permissioned pools.</li><li style="font-weight: 400">Dowgo, a European digital securities platform, developed the ERC-3643 integration and plans to use the standard once it receives DLT TSS authorization under the EU’s DLT Pilot Regime.</li></ul>​”We’re proud to partner with @Uniswap on Permissioned Pools,” Securitize <a href="https://x.com/Securitize/status/2080300361835798532" rel="noopener noreferrer nofollow">posted on X</a> earlier today. The company noted that this new standard will let regulated assets tap into AMM liquidity, while issuers keep control over who can trade.Superstate CEO Robert Leshner said Permissioned Pools fill a gap for tokenized securities. Before this, compliance rules acted like a gate at the front of the market.Now, the rules live inside the pool, so regulated assets can access AMM liquidity without issuers losing control. Leshner called it the missing piece that makes tokenization work.<h3 id="span-style-font-weight-400-why-defi-wants-wall-street-money-span">Why DeFi wants Wall Street money</h3>This launch comes as part of a larger effort to bring regulated real-world assets onto blockchains and adapt permissionless DeFi for institutions that need more control. Asset managers like BlackRock, Apollo, Franklin Templeton, and VanEck have all launched tokenized funds.Predictions for the future of tokenized assets have become frequent headlines. Uniswap believes the market could reach <a href="https://www.webdisclosure.com/press-release/introducing-permissioned-pools-on-uniswap-v4-g5GUQPFjfB1" rel="noopener noreferrer nofollow">$11 trillion</a> by 2030, while other analysts put the number closer to <a href="https://www.citigroup.com/global/insights/tokenization-2030" rel="noopener noreferrer nofollow">$5.5 trillion</a>.While the industry waits to see what happens, Uniswap has been preparing itself. In February, BlackRock’s tokenized money market fund BUIDL (issued by Securitize) <a href="https://www.cryptopolitan.com/uniswap-securitize-tokenize-blackrocks-buidl/" rel="noopener noreferrer nofollow">started trading on Uniswap</a>, and BlackRock also bought some UNI governance tokens. At the moment, UNI is trading at about <a href="https://defillama.com/token/UNI" rel="noopener noreferrer nofollow">$3.77</a> with a market value of around $3.15 billion, according to <a href="https://defillama.com/protocol/uniswap" rel="noopener noreferrer nofollow">DeFiLlama</a>.Either way, the main benefit for issuers is gaining access to AMM liquidity and DeFi flexibility without having to give up control of the approved list. The big question now is whether tokenized-asset trading will follow the standard onto Uniswap. This will be important to watch as Dowgo waits for EU approval and more issuers consider joining.The smartest crypto minds already read our newsletter. Want in? <a href="https://www.cryptopolitan.com/newsletters/?utm_source=cp&amp;utm_medium=web&amp;utm_campaign=inlineAds" rel="noopener noreferrer nofollow">Join them</a>.

Uniswap opens its AMM to regulated assets with permissioned pools

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