BlackRock Launches BSTBL, a GENIUS Act-Compliant Money Market Fund

BlackRock announced the official launch of the BlackRock Select Treasury Based Liquidity Fund (BSTBL), a GENIUS Act-compliant money market fund. The fund can serve as a reserve asset for payment stablecoin issuers to further enhance liquidity. The fund will also reportedly extend its trading deadline from 2:30 p.m. ET to 5:00 p.m. ET, providing more investment opportunities. (Businesswire)