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BlackRock has urged the Office of the Comptroller of the Currency to revise parts of its proposed GENIUS Act rules.
BlackRock filed a comment letter urging the OCC to remove a proposed 20% cap on tokenized reserve assets for stablecoin issuers.
KEY POINTS
- BlackRock argues that the use of distributed ledger technology should not determine an asset's safety for reserves.
- BlackRock wants the OCC to explicitly classify Treasury ETFs as eligible stablecoin reserve assets if they meet safety and liquidity standards.
- OKX has integrated BlackRock's tokenized Treasury fund BUIDL into its institutional collateral system, enabling use as crypto trading margin.
COMPANIES
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