BlackRock Signals OCC Tokenized Reserve Cap Would Threaten BUIDL Growth
BeInCrypto
BlackRock has urged the OCC to remove a proposed 20% cap on tokenized reserve assets, citing potential harm to BUIDL's growth.Summary
BlackRock has submitted a formal comment letter to the Office of the Comptroller of the Currency (OCC) opposing a proposed 20% limit on tokenized assets within stablecoin reserve requirements. The asset management giant argues that risk is determined by liquidity, credit quality, and duration, rather than whether assets are held on a distributed ledger. BlackRock notes that such a cap would significantly hinder the scalability of its BUIDL fund, which currently manages nearly $2.6 billion in assets and serves as a major reserve component for various stablecoin projects.
(Source：BeInCrypto)