BlackRock officially launches BSTBL, a money market fund compliant with the GENIUS Act
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BlackRock officially launches BSTBL, a money market fund compliant with the GENIUS Act
According to Businesswire, BlackRock announced the official launch of the BlackRock Select Treasury Based Liquidity Fund (BSTBL), a money market fund compliant with the GENIUS Act requirements. 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. In addition, the fund will extend its trading cutoff time from 2:30 PM Eastern Time to 5:00 PM Eastern Time, thereby providing more investment opportunities.
Navigating Web3 tides with focused insightsTechFlow, 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.
