BlackRock (贝莱德) plans to launch two new tokenized money market funds, specifically targeting investors holding stablecoins. This could attract more institutions and stablecoin users to shift idle funds from pure stablecoins to yield-generating tokenized funds. This is beneficial for Ethereum’s on-chain TVL growth, stablecoin usage, and transaction activity. Currently, Ethereum dominates the tokenized treasury and real-world assets space (around 60-65% market share). BlackRock’s BUIDL has already surpassed $2 billion in scale, and these two new tokenized funds will amplify this effect. One of them is a digital share class of its existing $6.1 billion Treasury liquidity fund, which will issue tokens on the Ethereum blockchain. The other is a brand-new fund, also issuing tokens on Ethereum (possibly on L2 or multi-chain), supporting on-chain ownership, transfers, and DeFi applications.