BlackRock Launches Tokenized Money-Market Funds for Stablecoin Investors

BlackRock's move into tokenized assets has been gaining momentum in recent years. With its latest filings, the company is set to launch two money-market funds that will allow investors to hold stablecoins, digital tokens pegged to the US dollar.

The first fund, a digital version of BlackRock's $6.1 billion liquidity fund, will be available on the Ethereum blockchain and operate alongside traditional shares. This move is seen as a major boost to the digital-dollar economy.

The second fund, called the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, is designed for investors who manage their finances through crypto wallets and stablecoins rather than traditional brokerage accounts. The fund will operate across multiple blockchains.