Uniswap Labs today, July 23, 2026, officially launched Permissioned Pools on Uniswap v4, a major upgrade that brings regulatory compliance to the automated market maker (AMM) for the first time. The feature allows issuers of tokenized securities and regulated assets to restrict trading to a list of approved wallet addresses, using a new v4 hook standard that enforces compliance checks directly at the protocol level.
Unlike standard Uniswap pools where any wallet can join, permissioned pools gate access: only wallets on the issuer’s whitelist can trade or provide liquidity. The permissions live in a separate contract, while the pool itself uses v4’s accounting system. Ken Ng, head of ecosystem at Uniswap Labs, told CoinDesk that this is “the next generation of value coming onchain,” allowing issuers to set their own compliance rules without building custom trading infrastructure.
The launch was developed in close collaboration with three partners. Superstate, which tokenizes equities and funds, was an early design partner. Securitize, which had earlier worked with Uniswap to get its DS Protocol tokens trading onchain, helped lay the groundwork. Dowgo, a European digital securities platform, developed an ERC-3643 integration and will adopt the standard pending EU authorization. “We’re proud to partner with @Uniswap on Permissioned Pools,” Securitize posted on X.
Superstate CEO Robert Leshner called permissioned pools the missing piece that makes tokenization work: before, compliance was a gate at the front of the market; now the rules live inside the pool itself. The move comes amid a broader push to bring regulated real-world assets onto blockchains, with firms like BlackRock, Apollo, Franklin Templeton and VanEck already launching tokenized funds. Uniswap believes the tokenized asset market could reach $11 trillion by 2030. In February, BlackRock’s tokenized money market fund BUIDL (issued by Securitize) began trading on Uniswap, and BlackRock also purchased UNI governance tokens. At press time, UNI trades around $3.77 with a market cap of approximately $3.15 billion, according to DeFiLlama.
