Key facts
- BlackRock launched two new tokenized money market products, BSTBL and BRSRV.
- BSTBL is a tokenized share class on Ethereum of an existing fund.
- BRSRV is a new fund offering multi-blockchain access and daily dividend reinvestment.
- Both funds are structured to qualify as eligible reserve assets for U.S. payment stablecoin issuers under the GENIUS Act.
- BlackRock aims to be the leading stablecoin reserve manager.
BlackRock has launched two new tokenized money market products, the BlackRock Select Treasury Based Liquidity Fund (BSTBL) on Ethereum and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) accessible across multiple blockchains. These offerings expand the asset manager's blockchain-based cash platform and are designed to qualify as eligible reserve assets for U.S. payment stablecoin issuers under the GENIUS Act. The move builds on BlackRock's existing tokenization strategy, including its BUIDL fund, and reflects a growing demand for regulated financial products on blockchain infrastructure. BlackRock aims to be a leading reserve manager for stablecoins, leveraging its existing management of reserves for issuers like Circle.