BlackRock Launches Blockchain-Based Money Market Funds for Stablecoin Reserves

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BlackRock is expanding its tokenized cash offerings by introducing new blockchain-based money market funds. The funds are designed to serve as eligible reserve assets for U.S. payment stablecoin issuers. Both offerings are structured to comply with the requirements outlined under the GENIUS Act, a proposed U.S. stablecoin regulatory framework. The move signals BlackRock's growing push into the intersection of traditional finance and digital asset infrastructure.

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