BlackRock files for two tokenized money market funds

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BlackRock filed with the SEC for two tokenized money market funds, including a blockchain share class for its $6.1 billion Select Treasury-Based Liquidity Fund. The proposed products are BSTBL on Ethereum and BRSRV, a multi-chain treasury-backed vehicle aimed at crypto-native markets. Analysts said the structure could fit emerging U.S. stablecoin rules, including the GENIUS Act framework.

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