BlackRock deepens RWA push with 2 tokenized funds

BlackRock has launched two tokenized money market products as the world’s largest asset manager expands its blockchain-based cash management and real-world asset strategy. Summary BSTBL will issue tokenized shares on Ethereum that approved investors can transfer between compliant wallets. BRSRV will support multiple blockchains and automatically reinvest dividends each day. Both products will hold cash, short-term U.S. Treasuries and Treasury-backed overnight repurchase agreements. BlackRock’s cash management group oversees nearly $1.1 trillion across its broader liquidity strategies. BlackRock launches BSTBL shares on Ethereum The BlackRock Select Treasury Based Liquidity Fund, or BSTBL, will introduce tokenized shares of an existing money market fund on Ethereum. Institutional investors will be able to move the shares between approved wallets, subject to regulatory and compliance requirements. This structure brings transferability onto a public blockchain while retaining controls commonly applied to regulated financial products. BNY Mellon will serve as BSTBL’s transfer agent and tokenization service provider. Its role will connect the fund’s shareholder records and transaction p...