BlackRock Launches Tokenized Money Market Funds for Stablecoin Reserves

BlackRock has expanded its digital asset strategy by launching two tokenized money market products designed to support the growing stablecoin ecosystem and align with the requirements of the U.S. GENIUS Act. The move strengthens the asset manager’s position in blockchain-based finance as demand for tokenized financial products continues to accelerate.

The world’s largest asset manager introduced onchain shares of the BlackRock Select Treasury Based Liquidity Fund (BSTBL) on the Ethereum blockchain. It also launched the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), a tokenized investment product that offers daily dividend reinvestment and is accessible across multiple blockchain networks.

According to BlackRock, both funds are structured to qualify as reserve assets for permitted U.S. payment stablecoin issuers under the GENIUS Act. Digital asset infrastructure firm Securitize will serve as the transfer agent and tokenization provider for BRSRV, continuing its partnership with BlackRock in the tokenization space.

The latest products build on BlackRock’s broader strategy of bringing traditional financial assets, including money market funds, bonds, and stocks, onto blockchain networks. Tokenization aims to improve settlement speed, increase transparency, and provide around-the-clock market accessibility.

BlackRock first entered the tokenized fund market in 2024 with the launch of BUIDL, developed alongside Securitize. Since then, the fund has grown to approximately $2.5 billion in assets and has become widely used as collateral for crypto lending and leveraged trading.

Speaking during BlackRock’s second-quarter 2026 earnings call, Chief Financial Officer Martin Small highlighted the firm’s long-term ambitions in the stablecoin market. He noted that BlackRock already manages $60 billion in reserves for Circle, representing roughly a quarter of the estimated $300 billion stablecoin market, and said the company aims to become the preferred reserve manager for stablecoin issuers.

Demand for tokenized financial products continues to rise as U.S. money market funds now hold more than $8.4 trillionin assets. BlackRock’s Cash Management Group oversees nearly $1.073 trillion in cash strategies, positioning the firm to play a leading role in the growing intersection of traditional finance, blockchain technology, and digital asset infrastructure.