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BlackRock looks to sidestep Clarity yield issues, filing for two new tokenized money market funds

Make CryptoSlate preferred on BlackRock is accelerating its push to bring Wall Street yields to the blockchain, filing...

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BlackRock looks to sidestep Clarity yield issues, filing for two new tokenized money market funds

Make CryptoSlate preferred on BlackRock is accelerating its push to bring Wall Street yields to the blockchain, filing paperwork with US regulators to introduce a pair of tokenized money market funds.The move represents a major escalation in the asset management giant's strategy to bridge traditional financial instruments with the rapidly expanding digital asset ecosystem.According to May 8 filings submitted to the Securities and Exchange Commission (SEC), the world’s largest asset manager intends to issue digital shares for an existing multibillion-dollar treasury fund, alongside an entirely new vehicle tailored specifically for the crypto-native market.The dual rollout targets a growing demographic of investors who park their wealth in digital wallets and...

BlackRock looks to sidestep Clarity yield issues, filing for two new tokenized money market funds

Make CryptoSlate preferred on BlackRock is accelerating its push to bring Wall Street yields to the blockchain, filing paperwork with US regulators to introduce a pair of tokenized money market funds.The move represents a major escalation in the asset management giant's strategy to bridge traditional financial instruments with the rapidly expanding digital asset ecosystem.According to May 8 filings submitted to the Securities and Exchange Commission (SEC), the world’s largest asset manager intends to issue digital shares for an existing multibillion-dollar treasury fund, alongside an entirely new vehicle tailored specifically for the crypto-native market.The dual rollout targets a growing demographic of investors who park their wealth in digital wallets and...

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