CoinDesk·4 min read·medium
BlackRock debuts tokenized access to $311 billion of money market funds in Europe
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Ian Allison
✦AI Summary
BlackRock has introduced 12 tokenized share classes for its money market funds across 15 European markets. This initiative, developed in collaboration with JPMorgan, aims to modernize cash management by providing digital holding and transfer capabilities for institutional investors.
BlockRock unveiled 12 new tokenized share classes based on six funds across 15 European markets. The funds, which comply with the European Union's UCITS regulations, include sterling, euro and dollar share classes, the asset manager said Tuesday. The move comes one day after the firm added two tokenized cash offerings in the U.S.
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