BlackRock Daily Reinvestment Stablecoin Reserve Vehicle

The BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) is a tokenized money market fund that places its holdings exclusively in 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 traditional, highly liquid, short-duration government instruments through a blockchain-based token rather than through a conventional brokerage account. The fund is managed under Rule 2a-7 of the Investment Company Act of 1940, a regulatory framework that governs money market funds and imposes strict maturity and quality constraints on their portfolios.

Each BRSRV token is intended to maintain a stable value of 1.0 USD, representing a proportional interest in the underlying fund holdings, which are reinvested daily in line with the fund's mandate. The token exists within both the Solana and Ethereum ecosystems as well as the Tempo Ecosystem, meaning it can be held and transferred on those networks, though no consensus algorithm or block time is recorded in the available data. The data does not specify the exact minting, redemption, or settlement mechanics beyond what the fund's Rule 2a-7 compliance implies about daily portfolio management.

The data provided does not include a fee stream, fee rate, or protocol revenue figure for BRSRV, so no fee-based measures are available on this site for this asset. In practice, money market funds of this type typically charge an expense ratio that is deducted from fund assets rather than collected as an explicit token-level fee, but no such figure appears in the stored data. The fully diluted valuation-to-market-cap ratio stands at 1.0 on a point-in-time basis, and 100 percent of supply is recorded as issued with 0 percent dilution overhang, meaning no additional tokens are pending issuance that could change the economics of existing holders.