Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
FollowingUniswap introduces permission-based pools in the v4 framework to achieve compliant on-chain transactions.
The decentralized exchange protocol Uniswap has launched Permitted Pools in its v4 framework, which enables regulated assets to conduct compliant transactions directly on the chain by integrating the allowed list check function. This development aims to simplify the regulatory compliance process for issuers when managing tokenized funds, securities and stocks in a decentralized market.
Compliance checks are migrated to on-chain through new hook standards.
Permissioned pools use Uniswap v4 's new hook system, which extends pool functionality while maintaining the protocol's core security standards. This setting allows issuers to create pools and verify user qualifications by referring to the issuer's controlled allowed list before trading or adding liquidity. Unlike previous solutions that relied on a separate front-end layer, these compliance checks are now done entirely at the protocol level. The issuer retains control over its allowed list and determines which users can access the regulated pool. Once approved, users can directly conduct online transactions and settlements through the Uniswap v4 platform. The new design utilizes Uniswap v4 's virtual billing system for all transaction calculations, ensuring that licensed assets are always in regulated smart contracts.
Permissioned pooling solves a long-standing trade-off between composability and regulatory oversight among DeFi issuers, allowing flexibility and compliance at the same time without sacrificing either party. Uniswap Labs has developed the standard with Superstate, Securitize and Dowgo, positioning it as an alternative to front-end gatekeeping while providing complete protocol-level control.
Mini Dictionary:
Allowlists (also known as whitelists) are user lists that restrict access to specific functions or pools and allow only approved participants to interact with smart contracts-critical for regulatory compliance in tokenized securities transactions.
Start-up partners: Superstate, Securitize and Dowgo
Superstate, which focuses on tokenized stocks and funds, participated in the early stages of the design of the new standard. Securitize, which operates a tokenized securities compliance infrastructure, has contributed its expertise to enable its DS protocol tokens to be traded directly on the chain. Dowgo, which supports the ERC-3643 token standard, integrates the technical components that contribute to these compliance pools. Dowgo's promotion plans depend on its DLT TSS authorization within the EU's DLT Pilot Regime, which aims to promote regulated trading in tokenized securities.
Uniswap points out that these partners represent a growing group of issuers seeking to access decentralized automated market makers in a compliant manner.
Mini Dictionary:
ERC-3643 is an Ethereum token standard designed for licensed and regulated assets and supports advanced compliance features such as authentication and transfer restrictions.
Impact on developers and the tokenized asset market
Developers building on Uniswap v4 now have the option of deploying pools that are not permission-free at all, or restricting access through a new permission-based pool structure. While the agreement itself remains open, individual pools can enforce compliance rules determined by each issuer. Through collaboration with partners focusing on tokenized funds and regulated assets, Uniswap aims to lay the foundation for trusted, compliant on-chain value transfer. The company expects this feature to gain wider adoption as more issuers seek infrastructure suitable for the tokenization of funds, securities and stocks.
No timetable has been given for further integration, but the initial deployment of Superstate, Securitize, and Dowgo puts the feature at the forefront of regulated DeFi innovation.
Partner roles and areas of focus in licensed pools
Superstate: Design and standards partners, focusing on tokenized stocks and funds.
Securitize: Compliance infrastructure, focusing on tokenized securities and DS agreements.
Dowgo: ERC-3643 integration, focusing on regulated securities and the EU DLT regime.
