Blockchain
BlackRock pushes further into tokenised treasury market with New Fund plans
BlackRock tokenized money market funds are being prepared as institutional interest in blockchain-based Treasury products continues rising. The planned funds would provide tokenized exposure to short-term U.S. government securities and expand BlackRock’s growing digital asset business, which already includes its multi-billion-dollar BUIDL Treasury fund launched with Securitize.
BlackRock is preparing tokenized money market funds tied to Treasury assets as institutional demand for blockchain-based liquidity and stablecoin-linked financial products continues growing globally.
Key Highlights
- BlackRock plans two tokenized money market funds linked to Treasury-backed assets.
- The tokenized Treasury market recently surpassed $6.9 billion globally, according to rwa.xyz.
- BlackRock’s BUIDL fund manages more than $2.8 billion in tokenized Treasury assets.
- Stablecoin circulation globally has grown beyond $240 billion, industry data shows.
BlackRock tokenised money market funds are being prepared as institutional firms increase their focus on blockchain-based Treasury and liquidity products tied to the growing stablecoin market.
Reports published Thursday said BlackRock is planning two tokenised money market funds backed mainly by short-term U.S. Treasury securities and cash-equivalent assets.
One of the proposed products is linked to the firm’s roughly $6.1 billion Select Treasury Liquidity Fund and is expected to operate on Ethereum.
The development comes as tokenised Treasury products continue gaining traction across digital asset markets, particularly among institutional investors seeking blockchain-based alternatives for cash management and settlement.
Tokenised Treasury Market Gains Momentum
The planned BlackRock tokenised money market funds would expand the company’s digital asset operations following the rapid growth of its BUIDL fund.
Data from rwa.xyz shows the tokenised U.S. Treasury market recently crossed $6.9 billion in value. BlackRock’s BUIDL fund, launched with Securitise in 2024, accounts for more than $2.8 billion of that total, making it one of the largest tokenised Treasury products currently operating.
The sector has expanded alongside rising stablecoin circulation. Data from DefiLlama shows the global stablecoin market now exceeds $240 billion, with tokenised Treasury products increasingly used as reserve and liquidity management tools.
Financial Firms Expand Blockchain-Based Cash Products
BlackRock is not alone in increasing exposure to tokenised assets. JPMorgan, Franklin Templeton, State Street and BNY Mellon have also expanded blockchain-linked Treasury and settlement initiatives over the past year.
The United States remains the largest market for tokenised Treasury products, while Singapore, Hong Kong, Switzerland and the United Arab Emirates have accelerated digital asset regulatory and infrastructure frameworks tied to tokenisation projects.
The latest BlackRock plans also arrive as financial firms continue exploring round-the-clock settlement systems using blockchain networks instead of traditional market-hour processes.
BlackRock’s Digital Asset Business Continues Growing
BlackRock manages approximately $12.5 trillion in assets globally, according to its latest reported figures.
Chief Executive Larry Fink has previously identified tokenisation as a developing area for financial market infrastructure. Over the past two years, BlackRock has expanded into spot Bitcoin exchange-traded funds and blockchain-based liquidity products tied to government securities.
The company has not publicly confirmed launch timelines or detailed structures for the planned BlackRock tokenised money market funds.
FAQs
Q1. Why is BlackRock launching tokenised money market funds?
BlackRock is expanding its blockchain-based Treasury products as institutional demand for tokenised cash and liquidity tools grows.
Q2. What assets will the tokenised money market funds hold?
The planned funds are expected to invest mainly in short-term U.S. Treasury securities and cash-equivalent assets.
Q3. How large is the tokenised Treasury market right now?
Data from rwa.xyz shows the tokenised Treasury market has grown to more than $6.9 billion globally in 2026.
Q4. What is BlackRock’s BUIDL fund?
BUIDL is BlackRock’s tokenized Treasury fund launched with Securitize, currently managing over $2.8 billion in assets.
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