According to CoinMeta, Blackstone Group announced today the launch of two tokenized funds, namely BRSRV and BSTBL. BRSRV is primarily designed to help stablecoin issuers generate revenue from their reserves, while BSTBL focuses on institutional cash management. This move comes after Blackstone released its positive financial results on July 15, 2026, with an asset management scale of $15.34 trillion. The newly launched funds aim to bring institutional and stablecoin issuer asset management onto the blockchain, in compliance with the requirements of the "Genius Act," ensuring that stablecoin issuers' tokens are backed 1:1 by high-quality, low-risk reserves.