BlackRock plans to launch two tokenized money-market funds for stablecoin investors
Crypto Briefing
BlackRock is expanding its tokenized assets by launching two new money-market funds specifically designed for stablecoin issuers.Summary
BlackRock is broadening its tokenization efforts by introducing two new funds, the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle and the BlackRock Select Treasury Based Liquidity Fund. These products are designed for stablecoin issuers, allowing them to utilize Treasury-backed assets as reserves while earning yields. Building on the success of its $2.5 billion BUIDL fund, BlackRock aims to address liquidity and regulatory hurdles in the crypto space, positioning itself as a dominant force in institutional on-chain finance.
(Source：Crypto Briefing)