Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
BlackRock Launches GENIUS Act-Aligned Fund To Support Stablecoin Reserve Demand

BlackRock Launches GENIUS Act-Aligned Fund To Support Stablecoin Reserve Demand

Daily HodlDaily Hodl2025/10/18 16:00
By:by Mehron Rokhy

Asset management titan BlackRock is launching a regulatory-compliant fund to support stablecoin reserve demand.

BlackRock, which has over $10 trillion in assets under its management,  says it’s introducing a money market fund aligned with the GENIUS Act as a means of meeting the growing demand of the stablecoin market.

The firm says its new BlackRock Select Treasury Based Liquidity Fund (BSTBL) has a goal of increasing liquidity for its clients while being within the framework of the US Genius Act, which passed earlier this year and created clear regulatory guidelines for stablecoins.

As stated by Jon Steel, BlackRock’s global head of product and platform within its cash management business,

“We’re seeing increasing demand from stablecoin issuers and clients seeking innovative, compliant reserve management solutions. Our BSTBL money market fund builds on our history of innovation through products and marks an exciting new chapter for our cash management business.

We’re thrilled to deliver a fund that meets the evolving needs of our clients and we believe it positions BlackRock as one of the reserve asset managers of choice for the digital payments ecosystem.”

Last month, data from the crypto analytics platform Arkham revealed that BlackRock purchased $1 billion worth of Bitcoin ( BTC ), the top crypto asset by my market cap, in just one week, signaling that institutional interest in digital assets is ramping up.

BTC is trading for $106,612 at time of writing, a 1.8% decrease during the last 24 hours.



Check Price Action

Surf The Daily Hodl Mix

Featured Image: Shutterstock/mim.girl/Fotomay

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Institutional Partnerships Strengthen Chainlink’s Position as a Connector Between Conventional Finance and Blockchain

- Chainlink's LINK token surged over 10% due to whale accumulation and strategic partnerships with Swift, DTCC, and the U.S. Department of Commerce. - A $62B total value secured (TVS) market share and ICE's data integration partnership highlight Chainlink's dominance in bridging traditional finance and blockchain. - Regulatory clarity from the Genius Act and Chainlink's Automated Compliance Engine position it as critical infrastructure for cross-chain transactions. - Technical indicators show bullish momen

Bitget-RWA2025/10/21 20:30
Institutional Partnerships Strengthen Chainlink’s Position as a Connector Between Conventional Finance and Blockchain