The world’s largest asset manager offers onchain shares of $311 billion in money market funds, expanding its tokenized cash platform.
BlackRock has introduced tokenized access to $311 billion of money market funds in Europe, marking an expansion of its digital asset strategy. The move builds on its U.S. tokenized cash platform, which includes onchain shares of an existing fund and a new daily reinvestment stablecoin fund.
The initiative follows growing demand for blockchain-based financial products, offering institutional investors streamlined access to traditional assets. BlackRock’s U.S. platform previously demonstrated the viability of tokenized funds, with adoption accelerating in recent months.
No immediate market reaction was reported, but the development underscores the firm’s push into digital asset infrastructure.