According to CoinMeta, Blackstone Group, as the world's largest asset management company, has recently expanded its tokenized cash platform by launching a series of new tokenized money market products. In May of this year, Blackstone submitted an application for the new products to the U.S. Securities and Exchange Commission (SEC). The newly launched products include the Blackstone Select Treasury Liquidity Fund (BSLTF) on-chain shares based on Ethereum, as well as the new Blackstone Daily Reinvestment Stablecoin Reserve Tool (BSRRT), which offers daily dividend reinvestment and is accessible across multiple blockchains. Both funds are intended to serve as eligible reserve assets to support U.S. payment stablecoin issuers. Martin Small, Blackstone's Chief Financial Officer, stated during the recent Q2 2026 earnings conference call that Blackstone aims to become the industry's preferred choice for stablecoin reserve management.