BlockBeats News, May 9th, The world's largest asset manager BlackRock is planning to launch two tokenized money market funds aimed at stablecoin holders, demonstrating its further bet on the long-term growth trend of the "digital dollar economy."

According to the latest filing, BlackRock plans to introduce on-chain digital shares for its approximately $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL). The fund mainly invests in cash, U.S. Treasury notes, and short-term securities with a remaining maturity of no more than 93 days.

The newly issued tokenized fund shares will be deployed on the Ethereum blockchain and will operate in parallel with existing traditional fund shares. The market perceives this move as a sign that the traditional asset management giant is actively promoting the on-chainization of U.S. Treasuries, money market funds, and other traditional financial assets, further bridging stablecoins with real-world asset (RWA) ecosystems.