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.
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