TLDR Crypto · MARKETS & BUSINESS
TEMPO PLANS TO SUPPORT BLACKROCK'S NEW MONEY MARKET FUND
Summary from the TLDR Crypto newsletter
BlackRock's final BRSRV prospectus names Tempo as a supported blockchain for its OnChain Shares, a government money market fund seeking a stable $1.00 NAV via Treasuries and repos, with Securitize Transfer Agent maintaining the official shareholder record through a permissioned system. The fund intends to qualify its OnChain Shares as eligible reserve assets for GENIUS Act-permitted stablecoin issuers, pending regulatory interpretation, connecting regulated cash management to the same network used for onchain payments.