BlackRock launches two tokenized money market products on-chain to serve as stablecoin reserves, including a new daily reinvestment vehicle supporting multiple blockchains.

DeFi & Yields · 2026-08-03

BlackRock introduced two tokenized money market vehicles designed to serve as reserve assets for U.S. payment stablecoin issuers operating under the GENIUS Act framework. The first product, deployed on Ethereum, tracks the BlackRock Select Treasury Based Liquidity Fund, while the second spans multiple blockchains and features daily dividend reinvestment functionality. BlackRock currently holds approximately $60 billion in reserves for stablecoin issuer Circle.

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