This analysis describes what Uniswap's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
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.
View change record →The updated terms establish that Uniswap does not warrant the availability or legality of any digital asset in your jurisdiction, and does not represent that you are permitted to acquire, hold, or transact in any asset accessible through the platform. The revised language places full responsibility on you to determine whether any digital asset is lawfully available to you and to comply with any applicable transfer or holding restrictions. This means Uniswap is disclaiming liability for your compliance with local laws, KYC requirements, whitelisting requirements, or jurisdictional restrictions that may apply to specific assets.
View change record →How other platforms handle this
Additional content libraries (the "Additional Libraries") are not subject to this license, may not be available for commercial use without a license, and may require that you obtain model clearance.
your parent(s) or legal guardian(s) are responsible for: (i) your activities while using our Services; (ii) your compliance with this Policy; and (iii) ensuring your use of the Services doesn't violate any child protection laws.
You are not permitted to access or use our Services in any jurisdiction or country if it would be contrary to the law or regulation of that jurisdiction or if it would subject us to the laws of...
"CERTAIN ASSETS THAT MAY BE AVAILABLE ON THE PRODUCTS (INCLUDING TOKENIZED STOCKS, ETFS, OR PHYSICAL COMMODITIES) ARE TOKENIZED REPRESENTATIONS OF REAL WORLD ASSETS. THESE ASSETS MAY BE SUBJECT TO ADDITIONAL TERMS...Excerpt from Uniswap's Terms of Service
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The clause states: “CERTAIN ASSETS THAT MAY BE AVAILABLE ON THE PRODUCTS (INCLUDING TOKENIZED STOCKS, ETFS, OR PHYSICAL COMMODITIES) ARE TOKENIZED REPRESENTATIONS OF REAL WORLD ASSETS. THESE ASSETS MAY BE SUBJECT TO ADDITIONAL TERMS...”
ConductAtlas has identified this type of provision across 237 platforms. See the full comparison.
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