BlackRock launched a new tokenized money market fund on Solana for stablecoin reserves.
The fund also offers on-chain shares of its Treasury-based liquidity fund 💵
Ownership is recorded on Solana, Ethereum, and Tempo through approved wallets.
The fund invests only in cash, U.S. Treasuries, and overnight repo agreements - not cryptocurrencies 🛡️
BlackRock said the product is designed to qualify as a reserve asset under the GENIUS Act 📜
The company noted that future regulations or blockchain issues could affect the fund's operation ⚠️
The launch expands BlackRock's tokenization strategy following the success of its BUIDL fund 🚀
Today's Pill - traditional finance continues to embrace blockchain by tokenizing familiar investment products, not just cryptocurrencies 🔄
The fund also offers on-chain shares of its Treasury-based liquidity fund 💵
Ownership is recorded on Solana, Ethereum, and Tempo through approved wallets.
The fund invests only in cash, U.S. Treasuries, and overnight repo agreements - not cryptocurrencies 🛡️
BlackRock said the product is designed to qualify as a reserve asset under the GENIUS Act 📜
The company noted that future regulations or blockchain issues could affect the fund's operation ⚠️
The launch expands BlackRock's tokenization strategy following the success of its BUIDL fund 🚀
Today's Pill - traditional finance continues to embrace blockchain by tokenizing familiar investment products, not just cryptocurrencies 🔄