BlackRock Launches BSTBL Fund for Stablecoin Reserve Management

BlackRock has launched a new fund, the BlackRock Select Treasury Based Liquidity Fund (BSTBL), designed to meet the requirements of the GENIUS Act and support stablecoin reserve management. This initiative allows for greater flexibility in investment opportunities with extended trading hours, enabling issuers to optimize their reserve assets. The fund marks a significant step forward in addressing regulatory scrutiny and expanding access to compliant reserves within the rapidly evolving digital payment ecosystem.