BlackRock Launches Tokenized Money Market Fund on Solana Blockchain
BlackRock, the world’s largest asset manager, has filed with the SEC to launch its tokenized money market fund called BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (RSVXX). The fund will be available on three blockchain networks: Ethereum, Tempo, and Solana. It is designed as a low-risk investment vehicle holding cash, short-term U.S. Treasuries, and overnight repurchase agreements. The move aligns with the GENIUS Act passed in July 2025, which allows stablecoin issuers to use shares of such funds as part of their reserves for USD-pegged coins. This development marks a significant step forward in BlackRock’s expansion into tokenized finance and builds on its earlier success with BUIDL, another tokenized fund that has grown to $2.5 billion in assets. Solana's role is notable due to its fast and low-cost transactions, making it an attractive platform for real-world asset tokenization.
Tickers: $BLK
Topics: BlackRock money market fund SEC filing Solana tokenized funds