BlackRock’s new tokenised money market fund has received an ‘AAAm’ principal stability fund rating from S&P Global Ratings, recognising the fund’s focus on capital stability, liquidity and risk management.
The BlackRock Daily Reinvestment Stablecoin Reserve Vehicle launched on 3 August 2026 and is designed to provide an eligible reserve asset for payment stablecoin issuers under the GENIUS Act.
The fund invests in short-term, high-quality assets including US Treasury bills, notes and other Treasury obligations with maturities of 93 days or less, overnight repurchase agreements secured by Treasury instruments, and cash.
S&P Global Ratings said its rating assessment considered the creditworthiness of the fund’s investments and counterparties, its maturity structure and BlackRock’s ability to maintain a stable net asset value.
BRSRV is structured as a tokenised money market fund, with shares issued as digital tokens across multiple blockchain networks, including Ethereum, Solana and Tempo.
The fund uses blockchain technology for shareholder recordkeeping through a partnership with Securitize, while traditional financial controls remain in place.
BNY Mellon acts as custodian, while Deloitte provides audit services.
S&P said its operational assessment found the fund’s tokenisation framework to be resilient, highlighting controls designed to mitigate cyber, smart contract and network-level risks.
The rating agency also noted BlackRock Advisors’ established investment processes and risk management capabilities as key factors supporting the final ‘AAAm’ rating.
BlackRock, which reported $15.3 trillion in assets under management in the second quarter of 2026, continues to expand its presence in digital assets and tokenised financial markets as institutional adoption of blockchain-based products grows.
