🔥 BlackRock Tokenizes $311B of European Money Market Funds With JP Morgan's Kinexys.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief The on-chain share classes cover six BlackRock Institutional Cash Series funds in euro, sterling and U.S. Tokens are minted on Ethereum via Kinexys by J.P. Morgan, while the shareholder register stays with the fund's transfer agent. BlackRock launched separate tokenized money market funds on Solana, Ethereum and Tempo on Monday.
BlackRock has launched tokenized share classes for a range of European money market funds holding a combined $311 billion, its first on-chain fund access in Europe. The 12 new share classes sit across six funds in the BlackRock Institutional Cash Series, covering euro, sterling and U.S. dollar strategies in both distributing and accumulating form. Tokens are minted on Ethereum using Kinexys, J.P.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#BlackRockBitcoinETF #SolanaFiredancer #EthereumUpgrade
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief The on-chain share classes cover six BlackRock Institutional Cash Series funds in euro, sterling and U.S. Tokens are minted on Ethereum via Kinexys by J.P. Morgan, while the shareholder register stays with the fund's transfer agent. BlackRock launched separate tokenized money market funds on Solana, Ethereum and Tempo on Monday.
BlackRock has launched tokenized share classes for a range of European money market funds holding a combined $311 billion, its first on-chain fund access in Europe. The 12 new share classes sit across six funds in the BlackRock Institutional Cash Series, covering euro, sterling and U.S. dollar strategies in both distributing and accumulating form. Tokens are minted on Ethereum using Kinexys, J.P.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#BlackRockBitcoinETF #SolanaFiredancer #EthereumUpgrade