Blackrock Tokenizes Cash Management to Support Stablecoin Reserves

Blackrock has introduced two tokenized money market funds aimed at institutional investors and stablecoin issuers. The funds, BSTBL and BRSRV, combine blockchain-based ownership records with portfolios of cash and short-term U.S. government debt.

The launch targets a growing intersection between regulated money market funds and blockchain-based finance. U.S. money market fund assets have exceeded $8.4 trillion as investors prioritize liquidity, capital preservation, and yield, according to Blackrock.

Blackrock's Cash Management Group oversees nearly $1.073 trillion for corporations, banks, insurers, foundations, and public institutions. The new funds show how tokenization is moving beyond experimental products.