poorkitty

BlackRock Just Filed TWO New Tokenized Money Market Funds; and They're Built for Stablecoin Users 👀 This is a big one. BlackRock filed with the SEC to launch two tokenized money market funds aimed directly at investors who hold cash in stablecoins rather than bank accounts. Here's what they actually are: ⚡ BSTBL — a digital share class tied to BlackRock's existing $6.1 billion Select Treasury Liquidity Fund, investing in cash, US Treasury bills, and short-term securities. Available on Ethereum. 🔄 BRSRV — a brand new Daily Reinvestment Stablecoin Reserve Vehicle targeting investors who manage finances through crypto wallets instead of traditional brokerage accounts. Launching across multiple blockchains. The bigger picture? BlackRock's BUIDL tokenized fund has already grown to $2.5 billion, and Larry Fink himself wrote that "every financial asset will eventually be tokenized." Both funds are designed to comply with the GENIUS Act, the first federal stablecoin law, with stablecoin issuance projected to hit $2 trillion by 2028. This isn't experimentation anymore. BlackRock's cash management business just crossed $1 trillion in AUM, and they're betting the next trillion flows through stablecoin rails. Not financial advice. DYOR. #BlackRockPlansMoneyMarketFundsforStablecoinUsers #Stablecoins #Tokenization #GENIUSAct #BinanceSquare