BlackRock Launches Two New Tokenized Money Market Funds, BSTBL and BRSRV, Accelerating On-Chain Cash Management Push

Odaily Planet Daily News: Asset management giant BlackRock has announced the launch of two tokenized money market products: the BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV). BSTBL will offer Ethereum-based tokenized shares of an existing money market fund. These on-chain shares can be transferred between approved wallets, subject to regulatory compliance. BNY Mellon will serve as the transfer agent and tokenization service provider for BSTBL. BRSRV, meanwhile, is a new tokenized money market fund designed for digital-native institutional investors, supporting daily dividend reinvestment and multi-blockchain access, and can be used for a variety of digital asset applications, including stablecoin reserve management. Securitize will serve as the transfer agent and tokenization service provider for this fund.