Uniswap updated its Terms of Service to add explicit restrictions on circumventing access controls for tokens, particularly those with geographic or transfer restrictions imposed by token issuers. The updated terms also add disclosure requirements stating that certain assets on the platform (tokenized stocks, ETFs, physical commodities) are subject to issuer-imposed terms and restrictions, and require users to represent that they have reviewed issuer information and comply with all trading and holding restrictions applicable in their jurisdiction.
Consumers: When you use Uniswap to trade tokenized stocks, ETFs, or commodities, you are confirming you understand the issuer's rules and follow them.
Consumers: You are confirming that your local laws permit you to trade the specific tokenized assets you are accessing.
The updated terms establish explicit prohibitions on circumventing access restrictions for tokens, including geographic and transfer restrictions imposed by token issuers. Users are now required to represent that they have reviewed issuer information about tokenized assets (stocks, ETFs, commodities) and comply with any restrictions on trading or holding these assets in their jurisdiction. The terms state that certain assets may not be available in all locations, and users must confirm they are eligible to trade these tokens under their local laws. If you trade tokenized assets, review the issuer restrictions and confirm your jurisdiction permits the trades you intend to execute.
→ Review the issuer information for any tokenized stocks, ETFs, or commodities you intend to trade on Uniswap.
→ Confirm that your jurisdiction permits trading and holding the specific tokenized assets you plan to access.
→ Check whether geographic or transfer restrictions apply to the tokens you wish to trade.
ConductAtlas has recorded 2 material changes to this document (since May 2026).
Prohibits activity seeking to circumvent access restrictions on tokens, including geographic restrictions and transfer restrictions imposed by token issuers.
Requires users to represent that they have reviewed issuer information and comply with restrictions on trading or holding tokenized stocks, ETFs, and commodities.
Requires users to represent that they are eligible to trade tokenized assets under the laws of their jurisdiction.
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
Wording edits to this record that do not change what it claims. Changes to a claim are published as corrections.
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