Blackhaven operates a reserve-backed treasury protocol centered on RBT, its Reserve Backed Token. Users can commit USDm through fixed-term bonds, with capital allocated to backing and protocol reserves while RBT vests linearly over a selected term. The protocol also provides staking, RBT commitment products, protocol-owned liquidity, reserve management, and metrics through its application. Its clients are users seeking exposure to the protocol's token, bonding, staking, and liquidity mechanisms.