BlackRock has launched two tokenised money market funds built to serve as reserves for stablecoin issuers, deepening its push into onchain finance.

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