BlackRock Launches Tokenized Money Market Funds in Europe via JPMorgan, $311B in Assets

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According to Bloomberg on Tuesday, BlackRock will offer tokenized versions of select European money market funds using JPMorgan's blockchain infrastructure. The offering includes pound sterling, euro and US dollar share classes from BlackRock's Institutional Cash Series, which collectively manage about $311 billion. Each token represents 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.
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