BlackRock is preparing to launch two tokenized money-market funds on Ethereum, allowing investors to hold cash in stablecoins instead of traditional bank accounts.
The asset manager has filed paperwork for a digital share class tied to its $6.1 billion BlackRock Select Treasury Based Liquidity Fund, which invests in cash, US Treasury bills, notes, and other short-term securities with maturities of 93 days or less. The tokenized shares will run on Ethereum alongside the fund’s existing share classes.
This move marks one of the biggest steps yet by a traditional financial giant into the stablecoin economy and on-chain finance. It signals growing institutional confidence that tokenized money-market funds could become a mainstream way for investors to earn yield directly on blockchain.
Source:
