BlackRock Enters Europe’s Tokenized Fund Market With Ethereum-Based Share Classes

TL;DR

• BlackRock launched 12 Ethereum-based share classes across six European money market funds managing a combined $311 billion in assets as of June 30.
• JPMorgan’s Kinexys connects onchain activity with traditional registers, enabling approved investors to transfer fund shares between wallets continuously through smart contracts and visibility.
• The products target corporate treasury, collateral and bank-distribution uses across 15 markets, extending BlackRock’s broader strategy for regulated investments inside digital wallets for institutions.

BlackRock has entered Europe’s tokenized fund market by launching 12 Ethereum-based share classes across six Institutional Cash Series money market funds. The products provide digital access to portfolios managing a combined $311 billion as of June 30 and spanning euro, sterling and dollar exposures. The move places blockchain-based ownership inside funds supported by traditional liquidity and established investment processes. Rather than creating separate experimental vehicles, BlackRock is attaching onchain functionality to existing funds, raising an intriguing question about whether tokenization is becoming a distribution upgrade for conventional finance rather than an entirely new asset category.

… Continue reading the full article at the original source below.