BlackRock Launches Tokenized Funds for Stablecoin Reserve Markets

BlackRock launched two new tokenized money market products designed to serve as eligible reserve assets for permitted U.S. stablecoin issuers under the GENIUS Act. The first, OnChain Shares, is tied to the firm's 6.2 billion Select Treasury Based Liquidity Fund on the Ethereum blockchain. The second is the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, a multichain fund. Both vehicles invest in cash, short-term U.S. Treasuries, and Treasury-backed overnight repos.

These offerings expand the asset manager's onchain footprint alongside its BUIDL fund, which has grown to approximately 2.5 billion. BNY Mellon Inc. acts as the transfer agent and tokenization provider for the BSTBL fund, while Securitize fills those roles for the BRSRV vehicle. BlackRock filed for the products with the United States Securities and Exchange Commission in May 2026.

The firm intends to capture a larger share of the 300 billion stablecoin market. BlackRock executives noted that the new funds provide clients with more choices for accessing money market investment solutions across traditional and digital markets.