TechFlow News, May 9: According to Bloomberg, BlackRock is planning to launch two money market funds targeting investors holding cash in stablecoins. The firm has filed documents to introduce a digital share class for its BlackRock Select Treasury Based Liquidity Fund (BSTBL), which currently manages approximately $6.1 billion. This fund primarily invests in cash, U.S. Treasury bills and notes, and other securities with remaining maturities of no more than 93 days. The related tokenized securities will be issued on the Ethereum blockchain and operate in parallel with the fund’s existing traditional share classes.
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