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BlackRock adds 12 tokenized share classes across six European money market funds totaling about $311 billion

AI Market Summary
BlackRock added 12 tokenized share classes across six European UCITS money market funds (~$311B AUM), minting shares as tokens on Ethereum with 24/7 transfer between approved wallets and using J.P. Morgan's Kinexys as infrastructure and transfer agent. The move signals accelerating institutional tokenization under credible EU regulation, reinforcing public-chain settlement as workable rails for large-scale, regulated cash products and supporting near-term demand for compliant onchain liquidity workflows.
Impact level
● Medium
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AI Insight · ETH/USDTAI Insight
▲ Bullish
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BlackRock said it has added 12 tokenized share classes to its Institutional Cash Series, spanning six European money market funds with about $311 billion under management. The shares are issued as digital tokens minted on the Ethereum blockchain. They can be transferred 24/7 between approved wallets. JPMorgan’s Kinexys platform is involved in the collaboration.
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