BlackRock Launches Two Tokenized Money Market Products for Stablecoin Reserves BlackRock launched OnChain Shares of the BlackRock Select Treasury Based Liquidity Fund on Ethereum and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, which supports multiple blockchains…
d daily dividend reinvestment. Both products are structured to hold assets intended to qualify as reserves for permitted U.S. payment stablecoin issuers under the GENIUS Act
BlackRock also manages about $60 billion in reserves for Circle. — link