# BlackRock Unveils Two New Tokenized Treasury Funds on Ethereum

*Author: Bankless*
*Published: Aug 3, 2026*
*Source: https://www.bankless.com/read/news/blackrock-unveils-two-new-tokenized-treasury-funds-on-ethereum*

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BlackRock just added [more tokenized products](https://www.businesswire.com/news/home/20260803468591/en/BlackRock-Expands-Tokenized-Cash-Platform-with-BSTBL-OnChain-Shares-and-BRSRV) to its onchain cash management lineup. The investment giant launched OnChain Shares, tied to its Select Treasury Based Liquidity Fund (BSTBL), plus a new multichain release dubbed the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV). 

> BlackRock has launched two tokenized money market funds.The $6.2 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL) now has a tokenized share class issued on [@ethereum](https://x.com/ethereum?ref_src=twsrc%5Etfw), with BNY as transfer agent and tokenization provider.A second vehicle, BRSRV, launches… [pic.twitter.com/qz9Srpqa8F](https://t.co/qz9Srpqa8F)— Ethereum Institutional (@ethereuminsti) [August 3, 2026](https://x.com/ethereuminsti/status/2084294825390575963?ref_src=twsrc%5Etfw)

## **What's the Scoop?**
- **Two providers:** BSTBL tokenizes BlackRock's existing $6.2B Select Treasury Based Liquidity Fund as a share class on Ethereum, with BNY Mellon acting as transfer agent and tokenization provider. On the flip side, BRSRV is a new multichain fund aimed at digitally native institutions, with Securitize running transfer agent duties.
- **Straightforward holdings:** Both funds stick to cash, short-term US Treasuries, and Treasury-backed overnight repo. In other words, it's standard money market exposure, just wrapped onchain.
- **Built for GENIUS:** Additionally, both funds intend to qualify as eligible reserve assets for permitted U.S. stablecoin issuers, positioning BlackRock to capture reserve business as GENIUS Act-compliant stablecoin supply scales up over time.
- **Preview potential:** BlackRock's Cash Management arm alone oversees roughly $1.07T, a sliver of the firm's +$15T in total AUM. The size here hints at how much capital could eventually make the jump onchain.
- **Not their first rodeo:** BSTBL and BRSRV join BUIDL, BlackRock's original tokenized Treasury fund, which has grown past $2.5B and expanded to eight chains since launching with Securitize in 2024.
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