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BlackRock’s reserve push redraws the tokenised Treasury race

  • BlackRock (NYSE:BLK) launched two tokenised money market products for regulated US stablecoin reserve management.
  • Its existing BUIDL fund holds more than US$2.6 billion, while USDC circulation stood at US$72.3 billion on 27 July.
  • Regulatory eligibility, blockchain interoperability and institutional access remain key barriers as tokenised Treasury products expand.
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