BlackRock Plans Two Tokenized Money-Market Funds for Stablecoin Investors
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BlackRock is set to launch two tokenized money-market funds targeting stablecoin investors. The asset manager has filed for a digital share class linked to its $6.1 billion BlackRock Select Treasury Based Liquidity Fund, which focuses on cash and short-term U.S. Treasury securities. These tokenized shares will function on the Ethereum blockchain. Additionally, BlackRock is introducing the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, a fund tailored for those managing assets via crypto wallets and stablecoins.
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