S&P assigns top stability rating to BlackRock tokenized reserve fund

S&P Global Ratings, part of global credit rating agency S&P, has assigned BlackRock’s tokenized money market fund BRSRV an AAAm rating, the highest principal stability rating, Cointelegraph reported. S&P said the fund showed strong credit quality in its investments and counterparties, an appropriate maturity structure, and a strong ability to maintain net asset value stability, while its tokenized structure also has controls in place to mitigate cyberattack, smart contract, and blockchain network risks.