FinanceBlackRock Launches Tokenized Access to $311 Billion in European Money Market Funds
Earlier this week, BlackRock expanded its U.S. tokenized cash platform, offering on-chain shares of an existing fund, along with a new daily reinvestment stablecoin fund.
By Ian Allison|Edited by Sheldon Reback Aug 4, 2026, 10:03 a.m. 2 min read
BlackRock (BLK), the world's largest asset manager, has expanded its offerings to include tokenized access to a substantial $311 billion in assets managed within European money market funds. This move underscores the growing interest in utilizing blockchain technology for real-world asset management.
With this initiative, BlackRock introduced 12 new tokenized share classes based on six funds across 15 European markets, complying with the European Union's UCITS regulations. The funds feature share classes in sterling, euro, and dollar, the company announced on Tuesday. This development follows the addition of two tokenized cash offerings in the U.S. just a day prior.
CEO Larry Fink has consistently advocated for the adoption of tokenization as a means to modernize financial markets. The market for tokenized real-world assets has surged over 200% in the past year, exceeding $30 billion, according to rwa.xyz. Furthermore, Citi estimates that tokenized securities may reach a staggering $5.5 trillion by 2030.
The tokenized funds are particularly aimed at corporate treasurers who utilize money market funds for managing operational and reserve cash, as well as asset managers and investment consultants across both traditional and digital markets, according to BlackRock.
Beccy Milchem, BlackRock's global head of cash distribution and international cash management, highlighted the importance of these offerings in cash management. "This is what investors want in cash management: size and liquidity," she stated in an email. "The tokenized share classes provide a new digital holding and transfer capability to funds that are backed by established investment, trading, and liquidity management processes."
The Institutional Cash Series money market funds were tokenized in collaboration with JPMorgan, utilizing the bank’s Kinexys platform. The on-chain share classes are accessible in a variety of locations including Bermuda, Estonia, France, Germany, Ireland, Lithuania, Luxembourg, Malta, the Netherlands, Spain, Sweden, Singapore, and the U.K.
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