BlackRock has urged the Office of the Comptroller of the Currency to revise parts of its proposed GENIUS Act rules.
Summary
- BlackRock asked the OCC to remove a proposed cap on tokenized stablecoin reserve assets.
- The asset manager wants reserve rules based on liquidity, credit quality, and maturity risk.
- BlackRock’s BUIDL fund is gaining use as institutional collateral across crypto trading platforms.
The request centers on tokenized reserve assets and the assets that stablecoin issuers may hold.
BlackRock filed a comment letter asking the OCC to drop a proposed limit on tokenized reserve assets. The firm opposed a possible 20% cap under draft rules for…
