# BlackRock Launches Tokenized Money Market Funds Built to Back Stablecoins

Both funds aim to qualify as eligible reserve assets under the GENIUS Act. On the same day, Morgan Stanley cut Circle to a lower rating partly because tokenized cash competes with USDC.

- Published: 2026-08-04T05:45:02.328Z
- Canonical: https://polylog.news/crypto/2026-08-04/blackrock-launches-tokenized-money-market-funds-built-to-bac
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/business/2026/08/03/blackrock-expands-tokenized-cash-with-new-blockchain-based-money-market-offerings), [CoinDesk](https://www.coindesk.com/markets/2026/08/03/circle-internet-slides-after-morgan-stanley-downgrade-cut-in-price-target), [Polylog editors](https://polylog.news)

BlackRock has expanded its tokenized cash range with new blockchain-based money market funds. Both are intended to qualify as eligible reserve assets for permitted payment stablecoin issuers under the GENIUS Act, the US stablecoin statute.…

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