BlackRock Launches Treasury Liquidity Fund for Stablecoin Reserves
BlackRock has unveiled a revamped money market fund designed specifically for managing stablecoin reserves. The BlackRock Select Treasury Based Liquidity Fund (BSTBL) will invest exclusively in short-term US Treasury securities and overnight repurchase agreements, positioning the asset manager as a key player in the burgeoning stablecoin market.
The MOVE aligns with regulatory frameworks like the GENIUS Act, as stablecoin issuers increasingly seek secure and liquid reserve solutions. With the stablecoin market projected to reach $4 trillion by 2030, BlackRock's strategic pivot underscores institutional confidence in digital assets.
Jon Steel, global head of BlackRock's cash management business, emphasized the fund's role in meeting growing demand for compliant reserve management. The initiative reflects broader Wall Street adoption of cryptocurrency infrastructure amid evolving regulatory clarity.
