BlackRock Launches GENIUS Act-Compliant Stablecoin Funds
Key Insights:
- BlackRock launched two funds, built especially to serve as GENIUS Act-compliant stablecoin reserves.
- BRSRV is designed to be the first tokenized money market fund that investors can access via stablecoins.
On 3rd August, the world’s largest asset manager, BlackRock, launched two new products. These are the BlackRock Select Treasury Based Liquidity Fund (BSTBL) and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV).
Both funds are specially designed to align with the GENIUS Act, the U.S. stablecoin law passed in 2025, according to BlackRock’s official press release.
BlackRock’s CFO, Martin Small, during the company’s Q2 2026 earnings call, highlighted what the firm is actually targeting.
He said: “We already manage $60 billion of reserves for Circle, representing about a quarter of the $300 billion stablecoin market. We see lots of growth ahead in stablecoin, and we want to be the reserve manager of choice.”
Explaining What Each BlackRock Fund Actually Does
The two products have distinct roles, but their objectives are similar.
