BlackRock has debuted tokenized access to $311 billion of money market funds in Europe, according to reporting from CoinDesk. This move follows the expansion of its US tokenized cash platform earlier in the week.
The expansion in the US involved offering on-chain shares of an existing fund, as well as a new daily reinvestment stablecoin fund. This development is part of BlackRock's efforts to provide tokenized access to its funds, allowing for greater flexibility and innovation in the investment space.
BlackRock is a well-established global investment management firm, known for managing trillions of dollars in assets. The company's foray into tokenized funds marks a significant step in the convergence of traditional finance and blockchain technology.