Markets
BlackRock Expands Money Market Fund Tokenization to Europe with $311 Billion in Assets
BlackRock has launched Ethereum-based tokenized share classes for European money market funds, covering $311 billion in assets, leveraging JPMorgan's Kinexys platform. Concurrently, the firm expanded its tokenized cash platform in the US, offering onchain shares of existing funds and a new daily reinvesting stablecoin fund utilizing Solana in addition to Ethereum.
Carlos "Emérito" López Lovera
