BRSRV joins a list of funds launched by the likes of Morgan Stanley, State Street, and Fidelity designed for stablecoin reserves.

Both funds intend to qualify as eligible reserve assets for permitted U.S. payment stablecoin issuers under the GENIUS Act.

BlackRock filed SEC registrations for BSTBL and BRSRV tokenized money market funds, targeting stablecoin holders with on-chain Treasury yields