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ETH BlackRock officially launched two tokenized money market funds to expand its digital asset business landscape.
Global asset management giant BlackRock recently announced the launch of two new money market products to expand its tokenized asset layout. Among them,$BSTBL is a tokenized share category on Ethereum, while $BRSRV is a multi-chain stablecoin reserve tool specially designed for institutional treasuries.
Two products, two clear mission
Product $BSTBL is a digital share category linked to the approximately US$6.1 billion BlackRock Select Treasury Liquidity Fund. The fund invests primarily in cash, U.S. Treasury bonds, notes and other securities with maturities of up to 93 days. These tokenized shares exist on the Ethereum blockchain along with traditional share categories, and Bank of New York Mellon maintains a register of shareholders on the chain using the ERC-20 standard.
The second product, BlackRock's Daily Reinvestment Stabilizer Reserve Facility ($BRSRV), is a newly established tokenized money market fund that targets investors who manage their finances through cryptowallets and stablecoins rather than traditional brokerages. The fund invests in cash, ultra-short-term treasury bonds and overnight repo agreements backed by government securities. Securities and Exchange Commission filings confirm that the fund will be available on multiple blockchain networks.
Investors holding USDC, USDT or similar stable assets can directly invest their money in these tokenized instruments and earn daily gains from short-term government securities. Ownership records are updated online, while traditional compliance checks are completed offline. Dividends or accrued earnings can flow directly into approved wallets, reducing the need to repeatedly exchange funds back into the traditional banking system.
Based on the existing real-world asset platform
This launch is based on BlackRock's existing U.S. Dollar Institutional Digital Liquidity Fund (BUIDL). BUIDL is a tokenized money market fund launched by BlackRock in 2024 in cooperation with issuing platform Securitize. The fund holds cash, U.S. Treasury bonds and repurchase agreements, and expresses investor shares as blockchain tokens that can be settled around the clock. BUIDL was originally launched on Ethereum and has now expanded to eight networks including Solana, Polygon, Avalanche, Arbitrum, Optimism, Aptos and BNB Chain.
BlackRock has always had a clear attitude towards this strategy. In its 2026 outlook, the company listed encryption and tokenization as themes of "driving markets in unprecedented ways," and CEO Larry Fink has repeatedly positioned tokenization as the next stage of market infrastructure. This new move builds on BlackRock's existing BUIDL fund, which currently has assets of approximately US$2.5 billion, marking that tokenized real-world assets will exceed US$30 billion in 2026.
