📚 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.
• Built on Kinexys by J.P. Morgan, the tokens are minted on Ethereum and settle in sterling, euro, and US-dollar share classes.
• Investors can transfer fund holdings directly between approved wallets via smart contracts — BlackRock's first tokenized fund offering in Europe.
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