BlackRock Enters US Payment Stablecoin Market with New Digital Asset Products
BlackRock has expanded its tokenized offerings by launching two new stablecoin reserve products. The company has introduced the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, a multichain product that automatically reinvests dividends daily.
The second product is OnChain Shares of the BlackRock Select Treasury-Based Liquidity Fund, which has been launched on Ethereum.
Both products are structured to invest in assets intended to qualify as reserve holdings under the GENIUS Act for issuers of permitted U.S. payment stablecoins.