BlackRock Launches Fund to Facilitate Stablecoin Issuer Reserve Needs

Blackrock’s new fund, the BlackRock Select Treasury Based Liquidity Fund (BSTBL), aims to bridge the gap between traditional finance and the burgeoning digital asset world. This move complies with the GENIUS Act’s reserve requirements for stablecoins, ensuring their regulatory framework aligns with established guidelines. Notably, the fund is expected to reach its peak value of $2 trillion by 2028. BlackRock has positioned itself as a key player in this landscape through BSTBL, catering to both traditional and digital asset clients.