BlackRock, the world’s largest asset manager, has expanded its tokenization footprint with the launch of two new onchain money market products, according to an announcement on Monday.
The OnChain Shares of the BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) aim to blend the liquidity and principal stability of regulated traditional money market funds with the operational efficiencies of blockchain technology, targeting institutional investors and digital-asset market participants, according to the announcement.
Both funds will invest primarily in cash, short-term U.S.
Treasuries, and overnight repurchase agreements collateralized by U.S.
Treasuries.
