BlackRock launched two tokenized money market funds for stablecoin reserves under the GENIUS Act. CFO Martin Small said the firm manages $60 billion for Circle.
BlackRock launched two new tokenized money market funds designed to qualify as reserve assets for stablecoin issuers under the GENIUS Act, the asset manager announced.
The world's largest asset manager introduced the BlackRock Select Treasury Based Liquidity Fund, a tokenized share class on Ethereum for an existing money market fund. It also launched the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, with daily dividend reinvestment and access across multiple blockchain networks. SEC filings had been submitted in May.
Both funds aim to meet the GENIUS Act's requirements for payment stablecoin issuers operating in the U.S. Securitize acts as transfer agent and tokenization provider for BRSRV.
BlackRock's Chief Financial Officer, Martin Small, said during the second-quarter 2026 earnings call that the company manages $60 billion in reserves for Circle, roughly a quarter of the $300 billion stablecoin market. "We want to be the reserve manager of choice," Small said.
The new products build on BlackRock's first tokenized money market fund, BUIDL, launched with Securitize in 2024. That fund now holds about $2.5 billion in assets and is used as collateral for lending and leveraged trading in crypto markets.
Jon Steel, Global Head of Product and Platform for BlackRock's cash management business, said the new funds give clients additional options across traditional and digital markets.
U.S. money market funds hold over $8.4 trillion in assets. BlackRock's cash management group oversees roughly $1.073 trillion in liquidity strategies. The tokenized real-world asset market grew more than 200% over the past year, according to rwa.xyz. Citi projects tokenized securities could reach $5.5 trillion by 2030.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.