BlackRock looks to sidestep Clarity yield issues, filing for two new tokenized money market funds
CryptoSlate
BlackRock has filed to launch two new tokenized money market funds to expand its digital asset offerings and bridge traditional finance with blockchain.Summary
BlackRock is expanding its blockchain strategy by filing for two new tokenized money market funds: the BlackRock Select Treasury-Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV). These funds aim to provide institutional-grade, yield-bearing assets for the crypto-native market. While BSTBL will digitize an existing treasury fund on the Ethereum network, BRSRV is a ground-up product designed for multi-chain interoperability, likely positioning BlackRock to serve as a compliant reserve manager for stablecoin issuers under the potential GENIUS Act framework.
(Source：CryptoSlate)