Crypto RWA Brief - May 11, 2026 cover art

Crypto RWA Brief - May 11, 2026

Crypto RWA Brief - May 11, 2026

Listen for free

View show details
BlackRock, the world's largest asset manager, has filed applications for two new tokenized money-market funds, including the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle and a new tokenized share class for its BlackRock Select Treasury Based Liquidity Fund. This move signals a major expansion of its on-chain strategy, building on the success of its $2.5 billion BUIDL fund and CEO Larry Fink's vision for modernizing financial markets through tokenization. Key Highlights: • BlackRock filed for two new tokenized money-market funds, including one for institutional stablecoin investors and a tokenized share class for an existing multi-billion dollar product. • Coinbase made a seven-figure strategic investment in Centrifuge, naming it a primary partner for issuing tokenized assets like ETFs and credit on its Base blockchain. • Ondo Finance, J.P. Morgan, Mastercard, and Ripple completed a pilot for near real-time cross-border settlement of a tokenized U.S. Treasury fund on the XRP Ledger. • The U.S. Senate Banking Committee is scheduled to vote on the Digital Asset Market Clarity Act, aiming to establish the first comprehensive regulatory framework for digital assets. Topics: BlackRock, Tokenization, Money-Market Funds, Coinbase, Centrifuge, Real-World Assets, Ondo Finance, J.P. Morgan, Ripple, Cross-Border Settlement, Digital Asset Market Clarity Act, Regulatory Framework --- TRANSCRIPT BlackRock, the world's largest asset manager, has filed applications with the U.S. Securities and Exchange Commission for two new tokenized money-market funds, signaling a significant expansion of its on-chain strategy. The filings, submitted last Friday, outline plans for two distinct products aimed at capturing capital within the digital asset economy. The first is a new fund named the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, designed for institutional investors who manage their finances through stablecoins. The fund will invest in cash, short-term U.S. Treasury bills, and repurchase agreements, issuing tokenized shares on multiple public blockchains. The second filing proposes creating a new tokenized share class for an existing, multi-billion dollar product: the BlackRock Select Treasury Based Liquidity Fund. These new shares will trade on the Ethereum blockchain, with BNY Mellon maintaining the shareholder records. This move builds on the success of BlackRock’s first tokenized fund, BUIDL, which has grown to approximately $2.5 billion in assets since its launch. CEO Larry Fink has repeatedly stated his view that tokenization will modernize financial markets, and these filings represent a concrete step toward that vision. In other major infrastructure news, Coinbase has made a seven-figure strategic investment in the tokenization platform Centrifuge. As part of the deal, Coinbase has named Centrifuge a primary partner for issuing tokenized assets on its Base blockchain. The partnership will focus on bringing real-world assets such as ETFs, credit, and structured products on-chain. Coinbase stated that it selected Centrifuge for its institutional-grade infrastructure and compliance capabilities. The two firms had previously collaborated to launch a compliant on-chain S&P 500 index fund on Base. This investment and partnership signal a deeper integration between exchange distribution and specialized tokenization infrastructure. Meanwhile, a significant pilot project highlighted the potential for tokenization in cross-border settlements. Ondo Finance announced it completed a near real-time redemption of a tokenized U.S. Treasury fund in collaboration with J.P. Morgan's Kinexys, Mastercard, and Ripple. The transaction involved Ripple redeeming a portion of its holdings in Ondo’s Short-Term U.S. Government Treasuries fund on the XRP Ledger. The pilot establishes a framework for 24/7 cross-border settlement across global banks, a process that traditionally involves significant delays. On the regulatory front, the U.S. Senate Banking Committee has scheduled a vote for this Thursday, May 14th, on the Digital Asset Market Clarity Act. The bill, known as the CLARITY Act, aims to create the first comprehensive regulatory framework for digital assets in the United States. If passed, it would establish clear jurisdictions for the Securities and Exchange Commission and the Commodity Futures Trading Commission, a move that institutional investors have been closely watching. That's your Crypto RWA Brief for May 11, 2026. We'll see you next episode.
adbl_web_anon_alc_button_suppression_c
No reviews yet