BlackRock has introduced two new money market funds built on blockchain technology, aimed at qualifying as stablecoin reserve assets under the US GENIUS Act, according to CoinTelegraph.
This move represents a significant step by one of the world’s largest asset managers into the growing intersection of traditional finance and digital assets, leveraging regulatory frameworks to support stablecoin infrastructure.
For Japanese investors, BlackRock’s initiative highlights the increasing institutional adoption of blockchain-based financial products, a trend that could influence developments in Japan’s own evolving crypto and digital asset markets.