BlackRock plans to launch two tokenized money market funds

According to Bloomberg, BlackRock plans to launch two tokenized money market funds targeting stablecoin holders and cryptocurrency wallet users. Among them, the digital shares of BlackRock's selected treasury bond debt liquidity fund will be invested in cash and US treasury bond bonds due within 93 days and issued on the Ethereum blockchain; Another stablecoin reserve fund for BlackRock's daily reinvestment will be launched on multiple blockchains. BlackRock CEO Larry Fink has stated that all financial assets will ultimately be tokenized. At present, the BUIDL fund launched by BlackRock in 2024 has a size of approximately $2.5 billion.