BlackRock launches tokenized money market funds for stablecoin reserves
CoinTelegraph·
60-second summary
BlackRock is launching two blockchain-based money market funds, qualifying them as stablecoin reserve assets under the US GENIUS Act. The funds will be designed to hold stablecoins, providing a new investment option for institutional clients. This move is expected to increase adoption of stablecoins in the US financial system, potentially boosting their market value and legitimacy.
The asset manager introduced two blockchain-based money market funds designed to qualify as stablecoin reserve assets under the US GENIUS Act.