BlackRock Launches GENIUS Act-Aligned Fund to Support Stablecoin Reserve Growth

BlackRock has introduced a new money market fund aimed at meeting the rising demand for stablecoin reserve assets while strengthening the connection between traditional finance and digital assets.

The BlackRock Select Treasury Based Liquidity Fund (BSTBL) has been restructured to align with the GENIUS Act. A U.S. law designed to establish clear rules for stablecoin oversight and reserve management.

The fund will focus on ultra-liquid assets such as overnight repurchase agreements and short-term U.S. Treasury securities, extending its trading window to 5:00 p.m. ET and removing agency securities to ensure higher liquidity. With these changes, BlackRock aims to provide stablecoin issuers with a compliant and efficient reserve management tool while positioning itself as a major player in the evolving digital payments ecosystem.

Clever Robot News Desk 21^th October 2025