BlackRock Brings Tokenized Funds to Europe's Largest Cash Management Platform

BlackRock has launched its first tokenized access to investment funds in Europe, introducing on-chain share classes for select money market funds within its Institutional Cash Series (ICS).

The new initiative utilizes Kinexys, the asset tokenization platform developed by J.P. Morgan.

Through this infrastructure, the newly established ICS share classes will offer digital tokens representing shares in traditional money market funds, minted directly on the Ethereum blockchain.

This mechanism grants eligible institutional investors seamless access to digital tokens of existing, highly regulated cash management strategies.