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

ETH0.34%
According to Bloomberg, BlackRock has filed to launch tokenized versions of two money market funds targeting stablecoin holders, with the $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL) being a key offering. The tokenized shares will be provided on the Ethereum blockchain and will operate alongside the existing traditional share classes. BSTBL primarily invests in cash, U.S. Treasury notes, and other securities with remaining maturities not exceeding 93 days.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments