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BlackRock (BLK) Stock Climbs With Launch of Two Blockchain-Based Treasury Funds
['Oliver Dale']
MoneyCheck
BSTBL represents a tokenized version of an existing Treasury money market fund on Ethereum.
The world’s largest asset manager unveiled two blockchain-enabled money market vehicles designed for institutional liquidity and stablecoin backing.
BlackRock, Inc., BLKBSTBL Delivers Treasury Fund Access Through Ethereum NetworkBlackRock unveiled OnChain Shares of the BlackRock Select Treasury Based Liquidity Fund, trading under the ticker BSTBL.
This innovative share class migrates a proven money market approach onto the Ethereum blockchain for qualified institutional participants.
Simultaneously, money market fund assets in the United States have exceeded $8.4 trillion industrywide.