
BlackRock is preparing to launch two tokenized money-market funds for investors who keep cash in stablecoins rather than traditional bank accounts. The asset manager filed paperwork for a digital share class tied to its $6.1 billion BlackRock Select Treasury Based Liquidity Fund, which invests in cash, US Treasury bills, notes, and other short-term securities with maturities of 93 days or less. The tokenized shares are expected to run on the Ethereum blockchain alongside the fund's existing share classes. The filing shows how major financial firms are moving closer to the stablecoin economy as blockchain-based markets continue to expand.




























