BlackRock Expands Tokenized Money Market Funds Across Europe

BlackRock has expanded its tokenization strategy into Europe by introducing blockchain-based share classes for selected institutional money market funds. These funds, which held $311 billion in combined assets as of June 30, now offer institutional investors digital access while maintaining the underlying legal structure of traditional investment vehicles. The initiative utilizes the Ethereum blockchain to facilitate ownership transfers, supported by infrastructure provided by Kinexys and JPMorgan. This rollout encompasses 12 tokenized share classes across six liquidity fund groups, including Euro, Sterling, and US Dollar-denominated options. Approved institutional investors can now execute ownership transfers between digital wallets around the clock via smart contracts, though official shareholder registers remain unchanged. The products are initially available across 15 jurisdictions, including the UK, Germany, France, and Singapore. This move signifies a major step in integrating regulated fund exposure with blockchain infrastructure, potentially transforming corporate treasury operations and digital collateral management. By bridging traditional finance with digital assets, BlackRock continues to advance its long-term vision of tokenizing ETFs and private market investments.