BlackRock offers tokenized funds in Europe
BlackRock is introducing tokenized money market funds in Europe through JPMorgan’s Kinexys platform.
The funds will be denominated in pounds, euros, and US dollars.
The move follows BlackRock’s previous entry into the tokenized cash-management market with its US dollar-denominated institutional liquidity fund, which has grown to $2.67 billion in assets.
The new offering will include share classes from BlackRock’s Institutional Cash Series, which manages about $311 billion