FRAXUSD (frxUSD), the stablecoin issued by Frax Finance (FXS), will now include BlackRock BVAL tokens as reserve assets. The decision was made following the passage of a governance proposal initiated by Securitize, a platform specializing in real-world asset tokenization and the broker-dealer for BlackRock BVAL tokens. The proposal was initiated on December 23, 2023, and received broad support from the Frax Finance community. The addition of BlackRock BVAL tokens to the FRAXUSD reserve assets is expected to further strengthen the stability and credibility of the stablecoin. BlackRock BVAL tokens represent a basket of tokenized real-world assets, including commercial and residential mortgages, auto loans, and other financial instruments. By incorporating these tokens into its reserve assets, FRAXUSD gains exposure to a broader range of underlying assets, enhancing its diversification and risk management capabilities. The inclusion of BlackRock BVAL tokens is a significant step forward for the FRAXUSD ecosystem and the adoption of tokenized real-world assets in the decentralized finance (DeFi) space. It demonstrates the growing recognition of the potential for tokenization to improve the accessibility, liquidity, and transparency of traditional financial markets.