#BSTBL
1 article tagged #BSTBL — curated RWA tokenization coverage.
9.5
U.S. Treasuries
yellow.com·2h ago
BlackRock Picks Ethereum For Tokenized Treasury Fund, XRP Ledger Left Out
BlackRock has filed with the U.S. Securities and Exchange Commission to launch two new tokenized money-market funds, signaling a significant expansion of its onchain financial product suite. The filings include a digital share class for the $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the creation of the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV). While the firm continues to leverage Ethereum as its primary blockchain venue, the filings clarify that BlackRock has not yet integrated the XRP Ledger for these specific products. This move follows the success of the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which has reached approximately $2.5 billion in assets. These developments underscore the institutional shift toward tokenizing U.S. Treasury bills and cash equivalents to provide stablecoin holders with yield-bearing alternatives to traditional bank accounts. With the broader tokenization market reaching $31 billion in total value, BlackRock's strategy reinforces the trend of migrating traditional financial assets onto public blockchains. The firm's commitment aligns with CEO Larry Fink's vision that all financial assets will eventually be tokenized to improve settlement efficiency and accessibility.