US EditionBlackRock Redesigns Money Market Fund for Stablecoins
BlackRock's revamped money market fund targets stablecoin issuers amid growing regulatory clarity, with stablecoin issuance projected to reach $4 trillion by 2030, Citi analysts say.
- On Tuesday, BlackRock retooled its money market fund to serve stablecoin issuers, aiming to expand digital-asset services, with the move aligned to new federal regulations.
- BlackRock's fund redesign complies with U.S. regulations and the GENIUS Act, aligning with the firm's strategy to expand beyond stocks and bonds.
- Longer access windows — 2:30 pm to 5:00 pm ET — aim to help West Coast treasurers, with Jon Steel saying `It represents an opportunity not just to help our clients... but create potential new distribution opportunities.'
- Positioning for reserve management, BlackRock will extend capabilities it provides for Circle, the second-largest stablecoin issuer, to a broader stablecoin issuer community, Jon Steel said.
- With over $4.5 trillion in digital-wallet value, the market could reach $4 trillion by 2030, alongside BlackRock's $1 trillion cash management business.
17 Articles
17 Articles
BlackRock Redesigns Money Market Fund for Stablecoins
Investment manager BlackRock has redesigned one of its flagship treasury funds to cater directly to stablecoin issuers. The new vehicle, called the BlackRock Select Treasury Based Liquidity Fund (BSTBL), is a revamp of the BlackRock Liquid Federal Trust Fund. This story is an excerpt from the Unchained Daily newsletter. To get these updates in your email for free, subscribe here. The fund now invests exclusively in short-term U.S. Treasury se…
BlackRock Unveils GENIUS-Compliant Money Market Fund for Stablecoin Reserve Management
BlackRock restructures BSTBL fund to manage compliant stablecoin reserves under GENIUS Act. BlackRock’s Cash Management division exceeds $1 trillion in assets, achieving a major milestone. BlackRock expands digital asset strategy with tokenized funds and regulated stablecoin solutions. BlackRock has announced a strategic update to its BlackRock Select Treasury Based Liquidity Fund (BSTBL) to align with the recently enacted Guiding and Establishi…
BlackRock Enables Fund to be Reserve for Stablecoin Issuers
BlackRock announced a strategic update to one of its money market funds, reflecting a refined investment approach designed to enhance liquidity, align with emerging regulatory frameworks, and support the evolving needs of clients. The BlackRock Select Treasury Based Liquidity Fund’s (“BSTBL”) new principal investment strategy is structured to increase the fund’s liquidity profile by adding overnight repurchase agreements as an eligible asset, sh…
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