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Deep Tide TechFlow News, May 9th, according to Bloomberg, BlackRock is planning to launch two money market funds aimed at investors holding cash in stablecoins. The company has submitted documents to introduce a digital share class for the approximately $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL). This fund primarily invests in cash, U.S. Treasury bills, notes, and other securities with remaining maturities of no more than 93 days. The related tokenized securities will be issued on the Ethereum blockchain and will operate in parallel with existing traditional share classes.