tempo Supports BlackRock in Launching the US Government Money Market Fund brsrv
2026-08-03 22:55:58
According to CoinMeta, tempo has announced plans to support BlackRock’s proposed US government money market fund brsrv. The fund’s on-chain shares will be able to be digitally represented on public blockchains such as tempo. This fund is managed by BlackRock Advisors and primarily invests in cash, short-term US Treasury bonds, and overnight repurchase agreements secured by US Treasuries. It aims to maintain a net asset value of $1, with transfers limited to wallets that have passed KYC, AML, and have undergone regulatory qualification. brsrv also plans to ensure that its on-chain shares meet the reserve asset requirements for issuers of permitted payment stablecoins under Genius Act, but this is still subject to subsequent implementation details and regulatory interpretations.
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