BlackRock Drops Two Tokenized Funds, GENIUS Act Officially Overdue for a Group Chat 🏦

BlackRock has launched two tokenized money market products—the BlackRock Select Treasury Based Liquidity Fund (BSTBL) on Ethereum and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV)—as the world's largest asset manager advances its onchain strategy and targets the U.S. payment stablecoin market. Both products were previously filed with the U.S. Securities and Exchange Commission (SEC) in May. BlackRock stated that BSTBL and BRSRV are designed to qualify as reserve assets for permitted U.S. payment stablecoin issuers in accordance with the GENIUS Act.

Digital asset infrastructure firm Securitize will serve as the transfer agent and tokenization provider for BRSRV, which is accessible across multiple blockchain networks and reinvests dividends daily. The BSTBL fund launched with onchain shares issued on Ethereum. The new offerings extend BlackRock's tokenization roadmap, which aims to digitize traditional instruments such as money market funds, bonds, and equities for faster settlement and continuous market access.

The launches arrive under new regulatory parameters established by the GENIUS Act, which sets standards for assets that can back permitted U.S. payment stablecoins. BlackRock's funds are structured to meet those reserve requirements, positioning them for direct integration with compliant stablecoin issuers.

BlackRock did not provide a launch date or total assets under management figures for the new products at the time of the announcement. The firm continues to expand its digital asset footprint beyond spot exchange-traded products, focusing on bringing established financial structures onto blockchain rails.