BlackRock Launches Tokenized Money Market Fund On Ethereum
BlackRocklaunched two tokenized money market funds, BSTBL and BRSRV, on theEthereumnetwork. The funds invest in cash, short-term US Treasuries, and ultrashort repurchase agreements to preserve liquidity and. . .
BlackRocklaunched two tokenized money market funds, BSTBL and BRSRV, on theEthereumnetwork. The funds invest in cash, short-term US Treasuries, and ultrashort repurchase agreements to preserve liquidity and capital. They target stablecoin issuers and tokenized financial products seeking high-quality reserve assets. BlackRock’s cash management group oversees roughly $1. 1 trillion in assets. BlackRockunveiled two blockchain-based money market funds (MMFs), BSTBL and BRSRV, on the Ethereum network on August 3, 2026, as reported byWatcher. Guru. These funds aim to preserve liquidity and principal stability by investing in cash, short-term US Treasuries, and ultrashort repurchase agreements. - Advertisement -Consequently, the launch expands BlackRock’s stablecoin reserves and provides new infrastructure for digital asset markets. “Cash remains a foundational building block for investors, corporations, and financial institutions,” said Jon Steel, Global Head of Product and Platform for BlackRock’s Cash Management business. “U. S. money market funds have grown to more than $8. 4 trillion in assets as investors continue to prioritize liquidity, capital preservation, and the potential for yield,”Steel added. He noted that demand is rising for high-quality reserve assets to support stablecoins and other tokenized financial products. Meanwhile, the broader US money market fund market now exceeds $8. 4 trillion in total assets. BlackRock’s cash management group manages about $1. 1 trillion for companies, banks, insurers, and public funds. The tokenized funds give clients additional choices for accessing money market solutions across traditional and digital markets. This move positions BlackRock to address growing institutional interest in blockchain-based financial instruments. - Advertisement -✅ FollowBITNEWSBOTonTelegram,Facebook,LinkedIn,X. com, andGoogle Newsfor instant updates. Previous Articles:Bitmine buys 10,399 ETH, now holds 5. 8M EthereumBitmine adds 10,399 ETH, extends weekly accumulation streakChinese Hackers Use Leaked DarkSword Kit to Target iOSAMD Q2 earnings: 48% revenue jump predicted after stellar growthColdcard Hack Sparks Bitcoin Rush, $114M Stolen in 4th WaveStay in the Loop🔥Join 1. 2K Smart TradersGet exclusive crypto insights, breaking news, and market analysis delivered straight to your inbox. No fluff, just facts.