CumberlandBoth funds intend to qualify as eligible reserve assets for permitted U.S. payment stablecoin issuers under the GENIUS Act.
BlackRock expands tokenized cash with new blockchain-based money market offerings
Both funds intend to qualify as eligible reserve assets for permitted U.S. payment stablecoin issuers under the GENIUS Act.
The BlackRock Select Treasury Based Liquidity Fund (BSTBL), a tokenized share class on Ethereum for an existing BlackRock money market fund. A new BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) has also been unveiled with daily dividend reinvestment and access across multiple blockchains.
BlackRock, the world’s largest asset manager, has expanded its tokenized cash platform, introducing a couple of new tokenized money market products, the firm said on Monday.
Back in May of this year, BlackRock filed for the new products with the U.S. Securities and Exchange Commission (SEC).
BlackRock is offering onchain shares of the BlackRock Select Treasury Based Liquidity Fund (BSTBL), a tokenized share class on Ethereum for an existing BlackRock money market fund. In addition, a new BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) has also been unveiled with daily dividend reinvestment and access across multiple blockchains, said BlackRock in a press release.
Both funds intend to qualify as eligible reserve assets for permitted U.S. payment stablecoin issuers under the GENIUS Act, the asset manager said.
The move deepens BlackRock’s push into tokenized finance, blockchain-based representations of traditional financial assets such as funds, bonds or equities. Advocates say the technology can speed up settlement, enable round-the-clock trading and improve transparency.
BlackRock Chief Financial Officer Martin Small said during the recent Q2 2026 Earnings Call that the financial giant wants to be the stablecoin reserve manager of choice in the industry. “We already manage $60 billion of reserves for Circle, representing about a quarter of the $300 billion stablecoin market. We see lots of growth ahead in stablecoin and we want to be the reserve manager of choice,” Small said during the call.
U.S. money market funds have grown to more than $8.4 trillion in assets. BlackRock's Cash Management Group oversees nearly $1.073 trillion in cash strategies for a range of corporations, banks, foundations, insurance companies, and public funds.
“As demand grows for high-quality reserve assets to support stablecoins and other tokenized financial products, these funds provide clients with additional choice in how they access and use money market fund investment solutions across traditional and digital markets,” said Jon Steel, Global Head of Product and Platform for BlackRock's Cash Management business.
1Tom Lee's Bitmine bought more ether, added to stock buyback last week46 minutes ago 2Strategy sold another $105 million of bitcoin last week, repurchased $81.2 million of STRC1 hour ago 3Bitget set to exit Japan, close all remaining positions by year-end1 hour ago 4Solo Bitcoin miner nets $200,000 as Coldcard hardware wallet drains rocks sentiment2 hours ago 5Bitcoin, ether decline as Coldcard exploit enters a fifth day2 hours ago 6Bithumb now targets 2028 IPO after major internal restructuring2 hours ago 7Live updates: Strategy sells more bitcoin; price falls to $62,4003 hours ago 8The bitcoin futures yield collapse: Once over 20%, now less than Treasury notes3 hours ago 9Robinhood wins UK crypto registration before new regulatory regime kicks off4 hours ago 10Coldcard wallet losses may near $114 million as possible fourth sweep emerges4 hours ago
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
The Evolution of the Crypto CEX Landscape: A Case Study on Binance
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Tom Lee's Bitmine bought more ether, added to stock buyback last week
Bithumb now targets 2028 IPO after major internal restructuring
Live updates: Strategy sells more bitcoin; price falls to $62,400