π BlackRock Tokenizes $311B of European Money Market Funds
BlackRock launched tokenized share classes for its Institutional Cash Series money market funds in Europe, covering $311B in assets across six funds and 15 markets.
β’ Built on Kinexys by J.P. Morgan, the tokens are minted on Ethereum and settle in sterling, euro, and US-dollar share classes.
β’ Investors can transfer fund holdings directly between approved wallets via smart contracts β BlackRock's first tokenized fund offering in Europe.
π Read more
#rwaxyz