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BlackRock introduces two onchain money market products
03 August 2026 US
Image: Tada_Images/stock.adobe.com
BlackRock has expanded its cash management strategy with the introduction of two tokenised money market products.
The firm has launched onchain shares of the BlackRock Select Treasury Based Liquidity Fund (BSTBL) on the Ethereum blockchain, and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), a newly launched money market fund intended for digitally native institutional investors.
According to the company, its products combine its money market capabilities with blockchain-based infrastructure while maintaining the liquidity and stability expected by investors from regulated MMFs.
BlackRock says the investment strategy of both funds is designed to make them eligible reserve assets for authorised US payment stablecoin issuers under the GENIUS Act framework.
BNY serves as a transfer agent and tokenisation provider for BSTBL, with Securitize fulfilling the same role for BRSRV.
Commenting on the launch, Jon Steel, global head of product and platform for BlackRock’s cash management arm, says: “As demand grows for high-quality reserve assets to support stablecoins and other tokenised financial products, these funds provide clients with additional choice in how they access and use money market fund investment solutions across traditional and digital markets.”
The firm has launched onchain shares of the BlackRock Select Treasury Based Liquidity Fund (BSTBL) on the Ethereum blockchain, and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), a newly launched money market fund intended for digitally native institutional investors.
According to the company, its products combine its money market capabilities with blockchain-based infrastructure while maintaining the liquidity and stability expected by investors from regulated MMFs.
BlackRock says the investment strategy of both funds is designed to make them eligible reserve assets for authorised US payment stablecoin issuers under the GENIUS Act framework.
BNY serves as a transfer agent and tokenisation provider for BSTBL, with Securitize fulfilling the same role for BRSRV.
Commenting on the launch, Jon Steel, global head of product and platform for BlackRock’s cash management arm, says: “As demand grows for high-quality reserve assets to support stablecoins and other tokenised financial products, these funds provide clients with additional choice in how they access and use money market fund investment solutions across traditional and digital markets.”
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