🚨 BlackRock Expands Tokenized Cash with New Blockchain-Based Money Market Products 🚨
BlackRock is expanding its tokenized cash strategy with two new blockchain-based money market offerings designed to serve institutional investors and stablecoin issuers.
🔑 Key points:
🔹 The BlackRock Select Treasury Based Liquidity Fund offers tokenized shares of an existing money market fund on Ethereum.
🔹 The new Daily Reinvestment Stablecoin Reserve Vehicle is designed to reinvest dividends daily and operate across multiple blockchains.
🔹 Both products aim to qualify as eligible reserve assets for permitted U.S. payment stablecoin issuers under the GENIUS Act.
🔹 Securitize will provide transfer-agent and tokenization services for the stablecoin reserve vehicle.
🔹 BlackRock’s earlier tokenized fund, BUIDL, has grown to approximately $2.5 billion in assets.
🔹 The company is positioning itself as a major reserve manager for the expanding stablecoin economy.
🎯 Bottom line: BlackRock is not simply experimenting with blockchain—it is building the financial plumbing for tokenized cash and stablecoins. The opportunity is enormous, but so is the concentration of power forming around a few institutional reserve managers.
https://www.coindesk.com/business/2026/08/03/blackrock-expands-tokenized-cash-with-new-blockchain-based-money-market-offerings