BlackRock Expands Tokenized Treasury Offerings
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
BlackRock has launched two tokenized money market funds aimed at serving as reserve assets for stablecoins. The products include the BlackRock Select Treasury Based Liquidity Fund OnChain Shares (BSTBL), a tokenized share of an existing fund on Ethereum, and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), a newly created fund for institutional investors that supports multiple blockchains. Both funds are designed to comply with the GENIUS Act, a federal stablecoin law passed in July 2025.
Why it matters
This development represents a move to integrate regulated financial products with blockchain technology, potentially providing stablecoin issuers with compliant reserve asset options. It also expands BlackRock’s presence in the tokenized Treasury market, aligning traditional asset management with digital asset use cases and regulatory frameworks under the new federal stablecoin law.
Key context
BlackRock already operates USD Institutional Digital Liquidity Fund (BUIDL), the largest tokenized Treasury fund with over $2.6 billion in assets. The two new funds leverage blockchain infrastructure for tokenization, with BNY and Securitize serving as transfer agents and tokenization providers. The GENIUS Act, enacted in July 2025, stipulates standards for reserve assets used by permitted US payment stablecoin issuers.
Key numbers and entities
BlackRock; BlackRock Select Treasury Based Liquidity Fund OnChain Shares (BSTBL); BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV); USD Institutional Digital Liquidity Fund (BUIDL) with $2.6 billion in assets; BNY and Securitize as transfer agents; GENIUS Act enacted in July 2025.
What remains unclear
The source does not flag open questions or limitations regarding the new tokenized funds beyond the information provided.