Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff editor

Written by Ezra Reguerrastaff writer

Reviewed by Yohan Yunstaff editor

BlackRock brings tokenized money market funds to Europe via JPMorgan

Latest NewsPublishedAug 5, 2026

JPMorgan’s Kinexys platform will tokenize select BlackRock money market fund shares denominated in pounds, euros and US dollars.

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

as reported by 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, stated 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, stated 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, as reported by RWA.xyz.

Related: BlackRock launches tokenized money market funds for stablecoin reserves

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• RWA
• RWA Tokenization
• Europe
• JPMorgan Chase
• BlackRock
• Blockchain

More on the subject

Proof of Play to shut down after blockchain gaming thesis falls short

1 hour ago

Yohan Yun

News Brief

Forgd brings its crypto market-maker leaderboard to DefiLlama

1 hour ago

Ezra Reguerra

News Brief

Tether Gold reserves rise 9.5% as gold posts worst quarter in 13 years

22 hours ago

Zoltan Vardai

News Brief

Proof of Play to shut down after blockchain gaming thesis falls short

1 hour ago

Yohan Yun

News Brief

Forgd brings its crypto market-maker leaderboard to DefiLlama

1 hour ago

Ezra Reguerra

News Brief

Tether Gold reserves rise 9.5% as gold posts worst quarter in 13 years

22 hours ago

Zoltan Vardai

News Brief