BlackRock filed paperwork with the United States Securities and Exchange Commission (SEC) to launch two new tokenized money market funds on the Ethereum network.
The registration made with the regulator on May 8, 2026, marks an expansion of the digital strategy of the largest asset manager in the world.
A money market fund ormoney market» is an investment vehicle that places capital in assets with very low risk and high liquidity in the short term. When tokenized, these traditional financial instruments are represented by digital tokens on a cryptocurrency network. Which allows ownership of shares are recorded transparently and transferred more quickly than in conventional banking systems.
The first of the presentations corresponds to the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (whose ticker is BRSRV). This vehicle will invest all of its assets in cash, Treasury bills with maturities of less than 93 days, and overnight repurchase agreements. The fund will issue its digital shares, called “OnChain Shares”, using the ERC-20 token standard of the Ethereum network. Additionally, the manager plans to enable this fund on multiple additional cryptocurrency networks.
The design of the BRSRV serves a specific regulatory purpose under the US legal framework. BlackRock intends for the shares of this fund to function as “eligible reserve assets” for stablecoin issuers. This feature aligns with the GENIUS Act of July 2025, which sets strict rules on which assets can support the value of stablecoins.
Regarding the second applicationthe firm proposes creating an on-chain share class for the BlackRock Select Treasury Based Liquidity Fund (BSTBL). This existing fund invests in Treasury notes and securities with short maturities. With this new proposal, tokenized shares will operate parallel to traditional share classes. Ethereum will serve as the main network to record ownership of these stakes in real time.
The adoption of this technology responds to the need to eliminate delays in financial settlements. In the traditional system, the sale of shares of a fund can take up to 48 hours to complete. The transfer of ownership in a cryptocurrency network is almost immediate. Using Ethereum eliminates manual reconciliation processes between banks, reducing errors and costs for investors.
This operational improvement allows both BlackRock and its custodian, BNY Mellon, to view with complete certainty how the fund’s shares are distributed at all times.
This transparency occurs in a context of accelerated growth for the sector. The market value of tokenized real-world assets (RWA) already reaches 31 billion of dollars.
The manager already has a solid track record in this market after the success of its BUIDL fund launched in 2024, as reported by CriptoNoticias. It is a vehicle that currently manages 2.4 billion dollars. With these new presentations, BlackRock consolidates its position in an ecosystem where traditional financial assets progressively migrate towards more efficient digital infrastructures.