BlackRock expands tokenized cash with new blockchain-based money market offerings
Both funds intend to qualify as eligible reserve assets for permitted U.S. payment stablecoin issuers under the GENIUS Act.
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Summary
- The BlackRock Select Treasury Based Liquidity Fund (BSTBL), a tokenized share class on Ethereum for an existing BlackRock money market fund.
- A new BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) has also been unveiled with daily dividend reinvestment and access across multiple blockchains.
