BlackRock Launches Daily Reinvestment Stablecoin Reserve Vehicle

BlackRock's Daily Reinvestment Stablecoin Reserve Vehicle (brsrv) is an SEC-registered, on-chain share class of a U.S. government money market fund designed to hold reserve assets of regulated stablecoin issuers and crypto-native cash managers.

The core function of brsrv is narrow: it converts traditional Rule 2a-7 money market portfolios into transferable on-chain fund shares for approved wallets.

BlackRock's scale in institutional cash management, alignment with the U.S. GENIUS Act, use of a permissioned transfer-agent framework, and daily reinvestment design are key competitive advantages.

The product has $50.0 million in both fund and class size, a 3.38% seven-day SEC yield, and an August 3, 2026 performance start date.