BlackRock, Janus Henderson tokenized funds get instant redemptions with new $1 billion facility

BlackRock and Janus Henderson are advancing institutional tokenization infrastructure with major fund launches designed to capture growing demand from crypto-native capital and stablecoin issuers. On May 8, 2026, BlackRock submitted SEC filings for two tokenized money-market vehicles targeting investors who hold reserves in digital assets rather than traditional bank accounts. The first offering creates a digital share class for its established $6.1 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL)—which invests in cash, US Treasury bills, notes, and securities with maturities of 93 days or less—and will be available on the Ethereum blockchain alongside existing traditional share classes. The second vehicle, BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), is a newly created fund explicitly designed for crypto-wallet-holding investors and will launch across multiple blockchains.

The $1 billion redemption facility represents a structural innovation addressing a core operational gap in tokenized finance: the ability to deliver instant settlement and 24/7 liquidity that blockchain-native trading requires. This capability is particularly valuable as stablecoin issuers—increasingly subject to the Genius Act's federal framework for dollar-linked tokens—require reserve assets that are both regulatory-compliant and operationally compatible with continuous blockchain settlement cycles.

Janus Henderson is following this momentum with its own tokenization expansion. The $360 billion asset manager's newly tokenized CLO strategy attracted $1 billion in inflows, with allocations from Grove protocol—a credit infrastructure DeFi platform. This deployment signals that institutional capital is actively seeking tokenized versions of alternative credit products, moving beyond fixed-income and money-market vehicles into more complex asset classes.

Market data underscores institutional momentum: tokenized assets have grown 410% since 2025 to reach approximately $31 billion in total value, while tokenized US Treasury bonds alone reached $14 billion as of May 2026. Real-world assets more broadly are growing at 200% year-over-year. BlackRock's $13 trillion in assets under management continues expanding access to its flagship BUIDL tokenized money-market fund across new blockchain networks, reinforcing the asset manager's dominance in institutional tokenization alongside peer offerings from Superstate and Centrifuge, which collectively received $1 billion in allocations from the Spark investment program.