BlackRock Launches Treasury Fund to Manage Stablecoin Reserves

BlackRock has announced the launch of a new fund aimed at managing stablecoin reserves, marking a significant step in the integration of digital assets into traditional finance. The Select Treasury Based Liquidity Fund is designed to comply with the US GENIUS Act and aligns with Blackrock’s broader initiative into digital asset management. This move has far-reaching implications for the stablecoin market, potentially increasing liquidity and trust in digital assets while bolstering institutional participation.