BlackRock debuts tokenized access to $311 billion of money market funds in Europe
CoinDesk·
60-second summary
BlackRock is debuting tokenized access to $311 billion of money market funds in Europe, expanding its U.S. tokenized cash platform. The platform offers on-chain shares of an existing fund and a new daily reinvestment stablecoin fund. This move enables institutional investors to access a vast pool of liquidity, further driving adoption of digital assets in traditional finance.
Earlier this week, BlackRock expanded its U.S. tokenized cash platform which involved offering onchain shares of an existing fund, plus a new daily reinvestment stablecoin fund.