BlockBeats report, on May 9, the world’s largest asset manager, BlackRock, is planning to launch two tokenized money market funds targeted at stablecoin holders, signaling its further bet on the long-term growth of the digital dollar economy.
According to the latest filing, BlackRock plans to introduce an on-chain digital share class for its BlackRock Select Treasury Based Liquidity Fund (BSTBL), which has approximately $6.1 billion in assets under management. The fund primarily invests in cash, U.S. Treasury bills, and short-term securities with maturities of 93 days or less.
The newly issued tokenized fund shares will be deployed on the Ethereum blockchain and operate in parallel with existing traditional fund shares. The market views this move as evidence that traditional asset management giants are continuing to drive the on-chain tokenization of traditional financial assets such as U.S. Treasuries and money market funds, further connecting stablecoins with the real-world assets (RWA) ecosystem.