BlackRock has launched the 'BlackRock Select Treasury Based Liquidity Fund' (BSTBL), a 2a-7 money market fund designed to meet the reserve needs of stablecoin issuers. Announced on October 17, the fund aligns with the GENIUS Act under the Investment Company Act of 1940. BSTBL will enhance liquidity through overnight repurchase agreements, shorter U.S. Treasury investment maturities, and extended trading hours. This initiative aims to provide innovative and compliant reserve management solutions for stablecoin issuers and clients, while also expanding BlackRock's presence in digital assets and cash management. The fund's structure is tailored to address the growing demand for efficient liquidity management in the digital asset space.