BlackRock has launched a tokenized money market fund on Ethereum The fund invests in cash, short-term U.S. Treasuries, and repurchase agreements (repos), just like a traditional money market fund. The difference is that ownership is represented as tokens on Ethereum, allowing on-chain transfers while the underlying assets remain traditional financial instruments According to BlackRock, the fund is also designed to qualify as an eligible reserve asset for regulated U.S. stablecoin issuers under t
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