Why did BlackRock launch two tokenised funds?

BlackRock launched the products to provide tokenised reserve options for regulated stablecoin issuers under the GENIUS Act.

What are BlackRock's two new products?

BlackRock launched BSTBL on-chain shares and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, known as BRSRV.

Ethereum (CRYPTO:ETH) hosts tokenised shares of BlackRock's Select Treasury Based Liquidity Fund, allowing transfers between approved wallets.

BlackRock said the products use highly liquid assets, including cash, short-term US Treasuries and Treasury-backed overnight repurchase agreements.

BlackRock has more than US$2.6 billion in its BUIDL tokenised Treasury fund, according to industry data cited by Cointelegraph.

Image for illustrative purposes only. Not a real photo.

Written by Brie CarterPublished Aug 3, 2026, 11:33 PM

BlackRock launched two tokenised money market products designed for stablecoin reserve management.
One operates on Ethereum, while the second supports multiple blockchain networks.
BlackRock said both products are structured to qualify as reserves under the US GENIUS Act.

BlackRock launched two tokenised money market products designed to serve as reserve assets for regulated US stablecoin issuers.

One product adds on-chain shares on Ethereum (CRYPTO:ETH) to BlackRock's existing Select Treasury Based Liquidity Fund.

The second fund supports multiple blockchains and automatically reinvests daily dividends for institutional investors.

BlackRock said both products are designed to qualify as stablecoin reserve assets under the GENIUS Act.

Both products invest around cash and short-term US Treasury instruments, while BNY and Securitize provide tokenisation services.

BlackRock's existing BUIDL tokenised Treasury fund holds more than US$2.6 billion in assets, according to data cited by Cointelegraph.

At the time of reporting, Ethereum price was $1,854.98.