Techub News reports that, according to CryptoBriefing, the world's largest asset management firm BlackRock has submitted an application to the SEC to launch two tokenized money market funds, allowing stablecoin holders to invest in short-term U.S. Treasury securities and earn yields without exchanging to fiat or leaving the blockchain ecosystem.


The two products are the existing Select Treasury Liquidity Fund's Ethereum digital share class BSTBL, and the multi-chain daily reinvestment stablecoin reserve fund BRSRV aimed at stablecoin issuers.
The product design complies with the requirements of the GENIUS Act signed in July 2025. Previously, the company's tokenized fund BUIDL has accumulated $2.5 billion in assets.
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