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BlackRock launches tokenized money market funds for stablecoin reserves
The products include one on Ethereum for BlackRock’s Treasury liquidity strategy and a second institutional money market vehicle that reinvests income automatically across multiple blockchains.
Crypto’s business model is increasingly converging with traditional banking, with stablecoin reserves, tokenized funds, and balance sheet management becoming central profit drivers, according to Cointelegraph. The outlet points to several Wall Street style developments, including BlackRock’s launch of tokenized money market products aimed at helping stablecoin issuers meet reserve requirements under the US GENIUS Act. The report frames the shift as part of a broader move toward onchain financial infrastructure.
Cointelegraph says one of the new funds tokenizes shares of BlackRock’s existing Treasury liquidity strategy on Ethereum. It allows approved investors to transfer ownership onchain while the underlying assets remain invested in cash and short-term US government securities.
The second product is described as a new institutional money market vehicle built for digital asset markets. It supports multiple blockchains and automatically reinvests income, positioning it for stablecoin reserve management. The launch also expands BlackRock’s role in the tokenized Treasury market, where it already operates BUIDL, the industry’s largest tokenized Treasury fund.
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