BlackRock launches two tokenized money market funds for stablecoin reserves
BlackRock launches two tokenized money market funds for stablecoin reserves
The BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) is a newly launched fund, while the OnChain Shares of the BlackRock Select Treasury Based Liquidity Fund (BSTBL) establishes a tokenized share class for an existing product.BRSRV joins a list of funds launched by the likes of Morgan Stanley, State Street and Fidelity where stablecoin issuers can park reserves to generate income.