Bitcoin News
By Jean-Luc Maracon
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What the OCC Wants to Do. The OCC's proposal would cap tokenized assets at 20% of what reserve funds can hold.
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BlackRock Wants More Assets Eligible. The company didn't just complain about the cap. It also pushed the OCC to expand what counts as…
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Why This Matters for Tokenized Finance. BlackRock's BUIDL fund isn't the only product that'd get hit.
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BlackRock wants the cap gone. The world's biggest asset manager just told the Office of the Comptroller of the Currency that its proposed 20% limit on tokenized reserve assets…
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The firm sent a letter to the regulator arguing the restriction would basically kill innovation in tokenized finance before it really gets going.
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The OCC's proposal would cap tokenized assets at 20% of what reserve funds can hold. That's a pretty tight leash for funds like BUIDL, which launched in March 2024 and hit $500…
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But the proposed cap would force funds to keep 80% in traditional assets. BlackRock thinks that's arbitrary and would limit how these products can compete.
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The GENIUS Act is the OCC's attempt to update financial oversight for digital assets. It's been in the works since late 2025, and the tokenized reserve cap is just one piece.
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Expanding the eligible universe would let funds like BUIDL offer more diversification, which could pull in institutional investors who've been skeptical about crypto…
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The OCC's reviewing all the feedback now. No timeline for a final decision. The regulator's been pretty quiet about how it'll weigh industry input against its own risk concerns.
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See also: CISA Flags Linux Root Access Flaw Exploitable With 10-Line Python Script
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BlackRock's BUIDL fund isn't the only product that'd get hit. Franklin Templeton's got a tokenized money-market fund. So does WisdomTree.
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And the implications go beyond money-market funds. If the OCC sets a precedent that tokenized assets are inherently riskier and need strict limits, that could bleed into other…
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The asset manager's influence in Washington is considerable. It's got relationships across agencies and a reputation for shaping policy through well-timed feedback.
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BlackRock's letter emphasized that tokenization could improve efficiency and access in financial markets.
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