BlackRock Files to Launch $6.1B Tokenized Money Market Fund on Ethereum

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According to Bloomberg, BlackRock has filed to launch tokenized shares for its $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL) targeting stablecoin holders. The fund invests in cash, U.S. Treasury notes, and securities with remaining maturities not exceeding 93 days. The tokenized shares will be issued on the Ethereum blockchain and operate alongside existing traditional share classes.
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