World · Institutional · United States ·
BlackRock launches tokenized money market funds for stablecoin reserves
BlackRock introduced two blockchain-based money market funds designed to qualify as eligible reserve assets for US stablecoin issuers under federal law. The funds expand BlackRock's tokenized cash offerings and support the regulatory framework for regulated stablecoins.
Why it matters for the crypto market
A world's-largest asset manager enabling stablecoins to hold real yield-bearing reserve assets onchain, removing a key friction point for regulated stablecoin issuance and adoption.
Source: Cointelegraph
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