PANews reported on May 9th, citing Bloomberg, that BlackRock is planning to launch two tokenized money market funds targeting stablecoin holders, rather than traditional bank account customers. One is the digital equity class of BlackRock Select Treasury Liquidity Fund, investing in securities maturing within 93 days, such as cash and U.S. Treasuries, and will be issued on the Ethereum blockchain. The other is a newly established BlackRock Daily Reinvestment Stablecoin Reserve Fund, targeting investors managing their finances through crypto wallets and stablecoins, and will be launched on multiple blockchains. BlackRock CEO Larry Fink has repeatedly stated that all financial assets will eventually be tokenized. BlackRock's BUIDL fund, launched in 2024, currently has approximately $2.5 billion in assets.