BlackRock plans to launch two tokenized money market funds aimed at stablecoin holders

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ME News Report, May 9th (UTC+8), BlackRock is planning to launch two tokenized money market funds aimed at stablecoin holders, rather than traditional bank account customers. One is a digital share class of the BlackRock Select Treasury Liquidity Fund, investing in cash, U.S. Treasuries, and other securities maturing within 93 days, to be issued on the Ethereum blockchain; the other is a newly established BlackRock Daily Reinvestment Stablecoin Reserve Fund, targeting investors managing finances through crypto wallets and stablecoins, to be launched across multiple blockchains. BlackRock CEO Larry Fink has repeatedly stated that all financial assets will eventually be tokenized. The BUIDL Fund launched by BlackRock in 2024 has a current size of approximately $2.5 billion. (Source: ChainCatcher)

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