BlackRock Expands Tokenization Efforts with $311B Euro Money Market Funds

BlackRock has launched tokenized share classes for European institutional money market funds managing $311 billion in assets.

The Ethereum-based rollout lets approved investors transfer fund shares between eligible wallets while keeping traditional fund records in place.

This move follows BlackRock's introduction of two tokenized money market products for institutional investors in the United States, and expands on their digital asset infrastructure efforts.