BlackRock (BLK) is preparing to launch two tokenized money-market funds aimed at investors holding cash in stablecoins rather than traditional bank accounts, Bloomberg reported on Friday.

The asset manager filed to launch a digital share class tied to its roughly $6.1 billion BlackRock Select Treasury Based Liquidity Fund, which invests in cash and short-term U.S. Treasury securities.

The tokenized shares will operate on the Ethereum blockchain alongside existing traditional share classes.

BlackRock is also creating the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle, a tokenized money-market fund designed for investors managing assets through crypto wallets and stablecoins.