BlackRock Daily Reinvestment Stablecoin Reserve Vehicle

The BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) is a tokenized money market fund that represents on-chain ownership in a fund holding cash, short-term U.S. Treasury securities with maturities of 93 days or less, and overnight repurchase agreements collateralized by U.S. Treasuries. It is designed for participants who want exposure to a regulated, Rule 2a-7-compliant money market instrument in a blockchain-native form. The product addresses the problem of moving low-risk, liquid cash management onto blockchain rails for institutions and other qualified participants.

Each BRSRV token is priced at 1.00 USD and represents a proportional share in the underlying fund, with the circulating supply of 50,381,381.31 tokens directly reflecting assets under management at any point in time. The token exists within both the Solana and Ethereum ecosystems, as well as the Tempo ecosystem, meaning it can settle and transfer on those networks. The underlying portfolio is managed to maintain a dollar-weighted average maturity of 60 days or less and a dollar-weighted average life of 120 days or less, in line with Rule 2a-7 requirements.

The data stored for this asset contains no fee stream, revenue figures, or protocol-level economics, so fee-based measures that this site tracks for other assets are not applicable here. The fund's economics in practice are governed by its fund documents rather than an on-chain protocol, meaning any management fees or expense ratios are embedded at the fund level and are not reflected in the token price or the figures shown on this page. Because the token trades at a stable 1.00 USD and all 100 percent of supply is already issued with zero dilution overhang, the economic structure is one of parity between token count and dollar value of the underlying fund assets.