TechFlow, October 16 — According to Businesswire, BlackRock announced the official launch of its money market fund, BlackRock Select Treasury Based Liquidity Fund (BSTBL), compliant with the requirements of the GENIUS Act. The fund will be eligible as reserve assets for payment stablecoin issuers. Proposed investment strategies include including overnight repurchase agreements within the range of qualified assets and shortening the maturity of U.S. Treasury instruments. Additionally, the fund will extend its trading cutoff time from 2:30 PM to 5:00 PM Eastern Time, thereby providing greater investment opportunities.
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