CoinDesk·3 min read·hard
BlackRock expands tokenized cash with new blockchain-based money market offerings
I
Ian Allison
✦AI Summary
BlackRock is expanding its tokenized finance offerings by launching new blockchain-based money market funds on Ethereum. These products aim to serve as reserve assets for stablecoin issuers, signaling the firm's intent to dominate the stablecoin reserve management market.
Back in May of this year, BlackRock filed for the new products with the U.S. Securities and Exchange Commission (SEC).
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