BlackRock Debuts 12 Tokenized Fund Classes Tied to $311 Billion in Europe
Updated
Updated · CoinDesk · Aug 4
BlackRock Debuts 12 Tokenized Fund Classes Tied to $311 Billion in Europe
3 articles · Updated · CoinDesk · Aug 4
Summary
BlackRock rolled out 12 tokenized share classes linked to six money market funds across 15 European markets, extending blockchain-based access to a combined $311 billion in assets.
The UCITS-compliant offerings span sterling, euro and dollar classes and target corporate treasurers, asset managers and consultants seeking digital transfer and holding capabilities without changing underlying cash-management processes.
JPMorgan is providing the tokenization infrastructure through its Kinexys platform, and the onchain classes are available in markets including France, Germany, Ireland, Luxembourg, Spain, Sweden, Singapore and the U.K.
The launch follows BlackRock's addition of two tokenized cash products in the U.S. a day earlier, as CEO Larry Fink pushes tokenization as a way to modernize financial markets.
Tokenized real-world assets have grown more than 200% over the past year to above $30 billion, while Citi projects tokenized securities could reach $5.5 trillion by 2030.