BlackRock has begun offering tokenized access to its $311 billion money market funds in Europe. The move comes just days after the firm expanded its tokenized cash platform in the United States, adding onchain shares of an existing fund and a new daily reinvestment stablecoin fund.
European debut of tokenized funds
The European launch gives investors blockchain-based access to BlackRock’s massive money market fund lineup. Tokenized shares represent ownership on a distributed ledger, enabling faster settlement and 24/7 trading compared to traditional fund structures. The $311 billion figure covers total assets under management in BlackRock’s money market funds globally, though the tokenized offering applies to a subset available to European investors. The asset manager did not specify which funds are included or the exact launch date, but the service is now live for qualified clients.
US expansion earlier this week
Earlier this week, BlackRock expanded its U.S. tokenized cash platform. The expansion includes onchain shares of an existing money market fund, as well as a new fund designed for daily reinvestment that operates as a stablecoin-like vehicle. The new fund aims to provide a yield-bearing alternative to traditional stablecoins while maintaining daily liquidity. The U.S. platform initially launched last year with a tokenized fund that quickly attracted billions in assets. The latest additions broaden the range of options available to institutional and retail clients seeking to hold cash equivalents on blockchain networks.
What tokenized access means
Tokenized money market funds allow investors to hold shares that are recorded on a blockchain rather than in a traditional custodian’s books. This can reduce settlement times from days to minutes and enable trading around the clock. For BlackRock, the move is part of a broader push to bring real-world assets onto distributed ledgers. The firm has been a vocal proponent of blockchain technology for improving transparency and efficiency in capital markets. The European and U.S. expansions signal that the world’s largest asset manager sees tokenization as a core part of its future product lineup.
No further details were provided on the specific European funds or the timeline for broader availability. The U.S. expansion went live earlier this week, and the European offering is now accessible to qualified investors. BlackRock’s competitors are also exploring tokenized funds, but the scale of its money market assets gives it a significant head start in the race to digitize traditional finance.
