BLK · News · 20260804N
Tokenized Money Market Funds
BlackRock, Inc. · 2026-08-04 · Importance 44 · Surprise 42 · Contradicted
BlackRock is launching tokenized versions of its Institutional Cash Series money market funds in Europe across sterling-, euro-, and U.S.-dollar-denominated share classes. The funds collectively manage approximately $311 billion and will be available across 15 European markets. The offering is being developed with JPMorgan and is intended for corporate treasurers, asset managers, and investment consultants. Two tokenized funds, BSTBL and BRSRV, are also designed to provide reserve assets for stablecoin issuers following the U.S. GENIUS Act, which established rules for stablecoin backing.
Key facts
- BlackRock is expanding its tokenized cash offerings into Europe, providing tokenized access to $311 billion of assets under management across 15 markets, including sterling, euro, and dollar share classes compliant with EU regulations. source
- The offering will include sterling, euro, and US-dollar-denominated share classes of funds that collectively manage $311 billion. source
- BlackRock has launched two new tokenised money market funds, BSTBL and BRSRV, designed to serve as reserves for stablecoin issuers. source
- The tokenized funds were developed in collaboration with JPMorgan. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | committed | — | BlackRock is expanding its tokenized cash offerings into Europe, providing tokenized access to $311 billion of assets under management… |
| assets | positive | probable | — | BlackRock has launched two new tokenised money market funds, BSTBL and BRSRV, designed to serve as reserves for stablecoin issuers. |