Blackrock Launches New Fund Tailored for Stablecoin Compliance

Blackrock has unveiled a modernized version of its flagship money market funds to align with the GENIUS Act, a new U.S. law implemented in July 2025, aimed at regulating stablecoins. This move positions BlackRock as a key provider of reserve custody for leading stablecoin issuers as U.S. government regulations tighten on the digital asset sector. The fund will strictly hold cash and short-term U.S. Treasuries, satisfying the GENIUS Act’s one-to-one reserve requirement. It also incorporates tokenization capabilities to streamline settlements and enhance transparency, features designed to assist issuers like Circle and Tether in managing real-time reserves.