According to CoinMeta, Blackstone Group has launched two tokenized money market products, further expanding its blockchain cash management and real assets strategy as the world's largest asset management firm. Among them, Blackstone's bond-based liquidity fund ( BSTBL ) will introduce tokenized shares of existing money market funds onto Ethereum, allowing institutional investors to transfer shares between approved wallets under compliance requirements. This structure enables transferability on a public blockchain while retaining the controls typically applicable to regulated financial products. BSTBL will invest in cash, short-term U.S. Treasury bonds, and overnight repurchase agreements secured by Treasury bonds, aiming to preserve principal and liquidity while generating returns from short-term government debt. Blackstone's second product, the Blackstone Daily Reinvestment Stablecoin Reserve Tool ( BRSRV ), is designed for digital-native institutional investors and supports access across multiple blockchains. BRSRV will also reinvest dividends daily, keeping the income generated by its assets within the product.