BlackRock To Launch Revamped Money Market Fund For Serving Stablecoin Issuers
Posted On October 16, 2025
BlackRock (NYSE:BLK) is introducing a redesigned money market fund, the BlackRock Select Treasury Based Liquidity Fund (BSTBL), aligning with the newly enacted GENIUS Act, the first comprehensive U.S. federal framework for stablecoins.
What Happened: The updated BSTBL is tailored for stablecoin issuers required to maintain high-quality, liquid reserves under federal regulation.
According to CNBC, the fund now carries a Treasury-heavy portfolio, optimized for token issuers operating under U.S. oversight.
This initiative complements BlackRock’s broader digital asset strategy, which already includes a …
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