BlackRock is reportedly preparing to launch two tokenized money market funds, according to ETF Store President Nate Geraci. The reported move suggests the world’s largest asset manager is continuing to expand its presence in tokenized real-world assets and on-chain fund infrastructure.
Two different tokenization approaches
Geraci said one of the planned offerings would be introduced as a digital share class of an existing traditional money market fund. That structure would allow BlackRock to extend a conventional fund into a blockchain-based format, potentially improving how shares are issued, held, and transferred while keeping the underlying product familiar to traditional investors.
The second fund would reportedly be a new tokenized vehicle similar to BUIDL. BlackRock’s BUIDL has already become a notable reference point in the institutional tokenized fund space, so a similar product could deepen the firm’s footprint in blockchain-based cash management and short-duration investment products.
Broader asset management adoption may follow
Geraci also expects more large asset managers to adopt comparable tokenized fund structures in the future. His view reflects a broader industry trend toward bringing fund shares on-chain, improving settlement efficiency, and connecting traditional investment products with stablecoin rails and digital liquidity systems.
Tokenized money market funds are increasingly seen as a practical entry point for traditional financial institutions exploring blockchain-based finance. Compared with more volatile crypto assets, these products are generally tied to lower-risk, short-term instruments, making them easier for institutional investors to evaluate. While no further details on launch timing, fund terms, or issuance plans were included in the source material, the report adds to expectations that BlackRock will remain a major force in the institutional tokenization market.