Bloomberg reported that BlackRock is planning to launch two money market funds (MMFs) targeting investors who hold cash in stablecoins instead of bank accounts. The new money market funds are named BRSRV and BSTBL, with BRSRV specifically aimed at stablecoin holders. Stock tokens for BRSRV will be issued on multiple chains, while BSTBL's will be on the Ethereum chain. Previously, BlackRock CEO Larry Fink emphasized that all financial assets would eventually be tokenized. BlackRock's BUIDL fund, launched in 2024, currently manages assets worth $2.5 billion.
