Uniswap Labs announced the launch of Permissioned Pools on Uniswap v4 on July 23, 2026, allowing regulated tokens to be traded only after issuer‑approved allowlists are verified. The new pools add onchain access checks for assets that must meet identity or eligibility requirements, while regular Uniswap v4 pools remain permissionless. Partners Superstate, Securitize and Dowgo contributed to the standard and its compliance infrastructure. Tokenized real‑world assets totaled about $34 billion in May 2026, including roughly $1.55 billion in tokenized equities, and analysts estimate the market could reach $11 trillion by 2030. Permissioned Pools verify an issuer‑managed allowlist before any swap or liquidity‑provision transaction proceeds through the smart contract. The verification occurs within the pool’s code, not on a front‑end interface, using Uniswap v4 hooks that execute custom logic at defined points in a transaction. When a wallet lacks the required approval, the transaction is halted at the protocol level. Issuers retain control of the allowlist and the associated transfer or eligibility rules. Developers may deploy a Permissioned Pool for a specific asset or continue to create standard, permissionless pools without Uniswap Labs approval. Liquidity providers supply the assets while pricing and settlement are handled by the automated market maker under the issuer’s access constraints. Superstate helped shape the standard for tokenized securities, while Securitize focused on compatibility with its DS Protocol. Dowgo integrated an ERC‑3643 token standard that supports identity checks and transfer controls and plans to adopt Permissioned Pools after receiving DLT TSS authorisation from the EU’s DLT Pilot Regime. The launch does not alter the operation of existing Uniswap v4 pools, which remain open to all users. Regulators are reviewing how tokenized securities protect ownership and shareholder rights, and the U.S. Securities and Exchange Commission recently delayed a proposed exemption for tokenized stocks. Uniswap noted that the new pools give issuers a mechanism to enforce compliance directly in trading infrastructure. The feature is expected to expand the use of tokenized assets as the market approaches the projected $11 trillion valuation, though the extent of regulatory acceptance remains to be seen.