BlackRock applies to the SEC for two tokenized money market fund products

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Techub News reports, according to CoinPost, that BlackRock submitted applications for two tokenized money market funds to the SEC on the 8th.
One of them is an addition of an Ethereum ERC-20 digital share class to an existing liquidity fund with approximately $6.1 billion in assets, with all ownership records managed by BNY Mellon; the other, “BRSRV,” is a newly established fund aimed at institutional investors, with a minimum investment of $3 million, managed by Securitize.
This marks the company’s further expansion into RWA tokenization following the launch of the digital liquidity fund BUIDL in 2024.
BlackRock CEO Larry Fink has previously expressed support for tokenization multiple times, calling it “the modernization of financial infrastructure.”
Currently, the RWA market size has exceeded $30 billion, and it is expected to reach $18.9 trillion by 2033.

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