BlackRock plans to launch two tokenized money market funds to serve stablecoin investors

Techub News, according to CryptoBriefing, BlackRock, the world's largest asset management company, has filed an application with the SEC to launch two tokenized money market funds, allowing stablecoin holders to invest in short-term U.S. Treasury bonds and earn returns without needing to convert to fiat currency or leave the blockchain ecosystem. The two products are BSTBL, an Ethereum digital share class of the existing Select Treasury Liquidity Fund, and BRSRV, a multi-chain daily reinvestment stablecoin reserve fund for stablecoin issuers. The product design complies with the requirements of the GENIUS Act signed in July 2025. Previously, the company's tokenized fund BUIDL had accumulated $2.5 billion in assets.