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08/04/2026

BlackRock Debuts Tokenized Money Market Funds on Solana and Ethereum

What happened: BlackRock launched two tokenized cash products: BRSRV, a multi-chain stablecoin reserve vehicle on Solana, Ethereum, and Tempo, and BSTBL, a tokenized share class of its $6.

BlackRock Debuts Tokenized Money Market Funds on Solana and Ethereum

What happened: BlackRock launched two tokenized cash products: BRSRV, a multi-chain stablecoin reserve vehicle on Solana, Ethereum, and Tempo, and BSTBL, a tokenized share class of its $6.2 billion Treasury-based liquidity fund on Ethereum. BRSRV targets stablecoin issuers with a $3 million minimum and daily dividend reinvestment, while BSTBL brings an existing fund on-chain. Securitize and BNY Mellon handle transfer agent duties, and both products are structured to qualify as eligible reserve assets under the GENIUS Act. BlackRock’s on-chain tokenized funds now total $2.93 billion, with Ethereum leading at $1.1 billion.

Why it matters: The expansion of tokenized money market funds by the world’s largest asset manager signals growing institutional acceptance of blockchain rails for traditional finance products. The multi-chain approach, including Solana and Ethereum, reflects a pragmatic view of interoperability and regulatory compliance. BlackRock’s move follows similar initiatives by Morgan Stanley and Fidelity, intensifying competition in the tokenized cash and stablecoin reserve market.

Source: Decrypt