BlackRock Daily Reinvestment Stablecoin Reserve Vehicle

The BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV) is a tokenized money market fund that represents on-chain shares in a fund investing 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 institutions and other participants who want exposure to a regulated, low-duration cash-management vehicle through a blockchain-based token rather than a traditional fund account. The product aims to make short-term Treasury-backed liquidity accessible within digital-asset ecosystems on Solana, Ethereum, and the Tempo network.

Each BRSRV token is intended to represent a claim on the underlying fund, which is managed under Rule 2a-7 of the Investment Company Act of 1940, a U.S. regulatory framework for money market funds that imposes strict maturity and quality limits — specifically a dollar-weighted average maturity of 60 days or less and a dollar-weighted average life of 120 days or less. The token lives across multiple blockchains, including Solana and Ethereum, and the price is maintained at 1.00 USD, consistent with a stable net asset value structure typical of money market funds. No consensus algorithm is recorded for the token itself, as the underlying asset mechanics are governed by traditional fund administration rather than a native on-chain protocol.

The data provided does not include a fee stream, expense ratio, or protocol revenue figure for BRSRV, so no fee-based measures are available on this site. The fund's underlying economics would ordinarily be governed by the fund's prospectus and management agreements, but those details are not stored here. The circulating supply of 50,120,318.89 tokens at a price of 1.00 USD gives a market capitalization of 50,120,319.00 USD at the point in time recorded, and the fully diluted value-to-market-cap ratio is 1.0 because no maximum supply is defined and all issued supply is currently circulating.