BlackRock launches tokenized money market funds (BSTBL, BRSRV) on Ethereum and Solana for institutional cash management.

DeFi & Yields · 2026-08-05

BlackRock launched two tokenized money market funds—BSTBL on Ethereum and BRSRV across multiple blockchains—designed to qualify as reserve assets for US payment stablecoins under the GENIUS Act. BNY Mellon and Securitize serve as transfer agents for the respective products, which extend Treasury-based yields and cash management into on-chain infrastructure. The move builds on BlackRock's existing tokenized Treasury offering BUIDL, which holds over $2.6 billion in assets.

Previously on Telem

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