CoinDesk
BlackRock expands tokenized cash with new blockchain-based money market offerings
August 3, 2026•10:15 AM
BlackRock, the world's largest asset manager, is expanding its tokenized cash offerings with the launch of new blockchain-based money market funds. These new funds are designed to qualify as eligible reserve assets for U.S. payment stablecoin issuers under the GENIUS Act, marking a significant step in bridging traditional assets with digital infrastructure. This initiative represents a massive validation of the decentralized finance (DeFi) market and asset tokenization by traditional financial establishment. By enabling stablecoins to use these funds as reserves, BlackRock is paving the way for greater digital asset adoption within the conventional financial system, potentially bringing additional liquidity and credibility to the crypto ecosystem and accelerating the convergence between traditional and digital finance.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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