BlackRock Plans to Launch Two Tokenized Money Market Funds Targeting Stablecoin Asset Management Needs

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On May 9, BlackRock, the world’s largest asset management firm, is planning to launch two tokenized money market funds aimed at stablecoin holders, indicating its further bet on the long-term growth trend of the ‘digital dollar economy.’ According to the latest filing, BlackRock intends to introduce an on-chain digital share class for its approximately $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL). The fund primarily invests in cash, U.S. Treasury bills, and short-term securities with maturities not exceeding 93 days. The newly issued tokenized fund shares will be deployed on the Ethereum blockchain and will operate in parallel with existing traditional fund shares. The market views this move as a sign that traditional asset management giants are continuing to push traditional financial assets like U.S. Treasuries and money market funds onto the blockchain, further connecting stablecoins with real-world asset (RWA) ecosystems.

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