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.
Source:X
This content is for market information only and does not constitute investment advice.
Follow HQYC official accounts to stay updated
Hot Articles
Refresh

Web3: Circle obtains New York trust license, expanding USDC custody business.
07-31 22:04

Tesla reportedly plans to divest its China business to pave the way for integration with SpaceX.
07-31 21:54

web3: Foreign media: RWA perpetual contracts may expand faster than tokenization
07-31 21:24

Web3: Foreign media: Analysts say the real catalyst for XRP is not the Clarity Act.
07-31 20:55

Foreign media: Trump's children's accounts are unlikely to replace comprehensive family financial planning
07-31 20:24

