BlackRock brings tokenized money market funds to Europe via JPMorgan

cointelegraphPublicado a 2026-08-05Actualizado a 2026-08-05

Resumen

BlackRock will launch tokenized versions of some of its European money market funds using JPMorgan's blockchain technology. The offering will include funds denominated in pounds, euros, and US dollars from its Institutional Cash Series, which oversees about $311 billion in total assets. Each token will represent a share in an underlying fund and allow for 24/7 transfers between approved digital wallets. JPMorgan's platform, Kinexys, will provide the tokenization infrastructure, with the bank also acting as the transfer agent. BlackRock executives noted strong interest from digital wallet providers, corporate treasurers, and capital markets participants looking for more efficient collateral and intracompany payment solutions. This move expands BlackRock's presence in the tokenized cash management space, following the 2024 launch of its BUIDL fund in the US, which has grown to $2.67 billion in assets.

BlackRock will offer tokenized versions of select European money market funds using JPMorgan’s blockchain infrastructure.

According to a Tuesday Bloomberg report, the offering will include pound sterling, euro and US dollar share classes from BlackRock’s Institutional Cash Series, which collectively manage about $311 billion. The figure refers to the broader fund range, not the assets that will be tokenized.

Each token will represent a share in an underlying money market fund and can be transferred around the clock between approved digital wallets.

JPMorgan’s Kinexys will provide the tokenization infrastructure, while the bank will continue to serve as the transfer agent for the funds.

Beccy Milchem, BlackRock’s global head of cash distribution and head of international cash management, said the asset manager has seen interest from digital wallet providers, corporate treasurers and capital markets participants seeking more efficient collateral.

Hannah Winter, BlackRock’s head of digital cash, said the ability to make peer-to-peer transfers had appealed to companies exploring intracompany payments.

BlackRock previously entered the tokenized cash-management market with BUIDL, its US dollar-denominated institutional liquidity fund, in 2024. The fund has since grown to $2.67 billion in assets, according to RWA.xyz.

Related: BlackRock launches tokenized money market funds for stablecoin reserves

Preguntas relacionadas

QWhat is BlackRock launching in Europe using JPMorgan's blockchain infrastructure?

ABlackRock is launching tokenized versions of select European money market funds using JPMorgan's blockchain infrastructure.

QWhich currency share classes are included in BlackRock's tokenized offering for its Institutional Cash Series?

AThe tokenized offering includes pound sterling, euro, and US dollar share classes from BlackRock's Institutional Cash Series.

QWhat is the function of each token representing a share in the underlying money market fund?

AEach token represents a share in an underlying money market fund and can be transferred around the clock between approved digital wallets.

QWhat role does JPMorgan's Kinexys play in this tokenization initiative?

AJPMorgan's Kinexys provides the tokenization infrastructure for the initiative.

QWhat was the size of BlackRock's earlier tokenized US dollar fund, BUIDL, as of the report?

AAccording to the report citing RWA.xyz, BlackRock's BUIDL fund had grown to $2.67 billion in assets.

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