DeFi· ★★★★· bullish·

BlackRock's Nikhil Sharma pitches tokenized money market funds as instant collateral at TOKEN2049

  • —Sharma: tokenized fund shares can be transferred on-chain as collateral without redemption into cash
  • —BlackRock launched BSTBL and BRSRV on August 3, 2026, targeting stablecoin reserves under the GENIUS Act
  • —BUIDL manages about $2.5 billion; BlackRock's European UCITS funds held $311 billion as of June 30, 2026
  • —J.P. Morgan's Kinexys provides the operational layer with 24/7 peer-to-peer transfers
Why it matters: Tokenized funds could replace idle stablecoins as collateral at exchanges and derivatives venues, cutting the capital buffer institutions must hold.
Source: Crypto Briefing
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