BlackRock Expands Tokenized Offerings With Two Stablecoin Reserve Products

BlackRock has introduced two digital asset products targeting the U.S. payment stablecoin market. One is the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, a multichain product that automatically reinvests dividends daily. The other is OnChain Shares of the BlackRock Select Treasury-Based Liquidity Fund, which has been launched on Ethereum.

The products are structured to invest in assets intended to qualify as reserve holdings under the GENIUS Act for issuers of permitted U.S. payment stablecoins.

Separately, BlackRock oversees roughly $60 billion of reserve assets for Circle.

Source: BlackRock