"Blackrock has filed paperwork to debut two tokenized money-market funds on the Ethereum network, offering stablecoin holders a regulated, yield-bearing alternative to sitting in idle digital dollars. Blackrock filed to tokenize its $6.1B BSTBL fund on Ethereum, targeting stablecoin investors. The move builds on Blackrock's BUIDL fund, now at over $2.50B AUM across 8 blockchains. SEC approval is pending; Ethereum holds over $8.0B in tokenized treasuries as of May 2026."
"The fund invests in cash, U.S. Treasury bills, notes, and other short-duration securities with maturities of 93 days or less. The new tokenized shares would trade on Ethereum alongside the fund's existing traditional share classes. The product is aimed squarely at stablecoin investors, a fast-growing segment that holds significant capital in digital dollars but earns little or no yield on those holdings. By packaging a regulated money-market instrument in a blockchain-native format, Blackrock is positioning itself to capture liquidity that currently sits dormant inside stablecoin wallets across the Ethereum ecosystem."
"BUIDL has since grown to more than $2.50 billion in assets under management, running across eight blockchain networks, including Ethereum, BNB, Solana, Polygon, Avalanche, Arbitrum, Optimism, and Aptos. Moreover, tokenized U.S. treasuries have been approaching $14 billion in total market size as Blackrock and Circle have led institutional adoption of onchain fixed income. Extending Reach and Infrastructure The new BSTBL tokenization would represent a second,"
Blackrock has filed paperwork with U.S. regulators to launch tokenized shares of its Blackrock Select Treasury Based Liquidity Fund (BSTBL) on the Ethereum network. The fund invests in cash, U.S. Treasury bills, notes, and other short-duration securities with maturities of 93 days or less. The tokenized shares would trade on Ethereum alongside existing traditional share classes. The product targets stablecoin investors who hold digital dollars that often earn little or no yield. The plan builds on Blackrock’s BUIDL fund, which has grown to more than $2.50 billion in assets under management across multiple blockchains. Ethereum holds over $8.0 billion in tokenized treasuries as of May 2026, and tokenized U.S. treasuries are approaching a $14 billion market size.
Read at news.bitcoin.com
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