BlackRock files to launch tokenized money-market funds on Ethereum — targeting the stablecoin economy!

BlackRock has filed paperwork to launch a digital share class tied to its $6.1 billion Select Treasury Based Liquidity Fund, with tokenized shares set to run on the Ethereum blockchain. The fund invests in cash, US Treasury bills, notes, and short-term securities with maturities of 93 days or less — and the new share class is explicitly designed for investors who hold cash in stablecoins rather than traditional bank accounts.

The move is a direct bridge between the stablecoin economy and institutional-grade yield. Rather than leaving idle stablecoin balances earning nothing, investors would gain access to a regulated, short-duration Treasury vehicle settled on-chain — a structure that has been the missing link between DeFi liquidity and TradFi credibility.

BlackRock's entry into tokenized money markets signals that the largest asset manager on earth now treats blockchain-based…