BlackRock launches tokenized share classes for select European money market funds, bringing tokenization to $311 billion in assets.
RWA & Tokenization ·
BlackRock has introduced tokenized share classes for select European money market funds, extending blockchain-based offerings to $311 billion in assets under this product line. The move brings tokenization infrastructure to a significant pool of institutional capital within the firm's European fund suite.
The tokenized shares operate on an Ethereum-based infrastructure, utilizing JPMorgan's Kinexys platform for settlement and custody. This approach follows a pattern of major asset managers embedding blockchain rails into traditionally on-chain fund structures, allowing investors to hold fund shares as digital tokens while maintaining regulatory compliance in European markets.
Details remain sparse on launch timing, participation thresholds for investors, and which specific money market funds received tokenized share classes. The extent to which this offering will drive migration from existing share classes or attract net new capital to the funds has not yet been disclosed.