BlackRock says it is expanding its cash management strategy with two new tokenized money market products. money market funds have grown to more than $8.4 trillion in assets as investors continue to prioritize liquidity, capital preservation, and the potential for yield. According to the release, the products are designed to combine BlackRock’s money market capabilities with blockchain-based infrastructure while maintaining the liquidity and stability investors expect money market funds to provide. BlackRock introduced its first tokenized fund issued on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), in the spring of 2024. “RVT marked an important milestone for Project Agorá, demonstrating the feasibility of settling real-value transactions on a multicurrency programmable and shared platform using tokenized reserves and tokenized deposits,” BIS said in the report.