We describe a new diblock copolymer composed of two segments with complementary functionalities. One block contains pendent photo-cross-linkable cinnamoyl groups, and the other contains molecular clusters, Co6Se8, capable of multielectron redox processes. This multifunctional macromolecule is synthesized by sequential ring-opening metathesis polymerization of monomers constructed using norbomene moieties. Remarkably, the tethered molecular cluster gives access to three different charge states in N,N-dimethylformamide: neutral, +1, and +2. In tetrahydrofuran, by contrast, the charged copolymer self-assembles into vesicles that inhibit the redox reactions. The wall of these vesicles can be cross-linked by exploiting the photoinduced 2 + 2 cycloaddition of the cinnamoyls to form cyclobutane dimers. Moreover, these vesicles can be loaded with molecular cargo and used as cross-linkable containers; we demonstrate this feature by encapsulating the molecular dye methylene blue into the capsules. Our work is the first report of a well-defined block copolymer containing a metal chalcogenide molecular cluster; more generally, it opens the door to new applications of metal-containing polymers.