6h ago

BlackRock tokenizes 12 new share classes across six European money market funds worth $311B on Ethereum via JPMorgan’s Kinexys

AI Market Summary

BlackRock tokenized 12 new share classes across six European money market funds (combined $311B) and minted them on Ethereum via JPMorgan's Kinexys, signaling accelerating institutional adoption of public-chain rails for regulated fund issuance. The development reinforces Ethereum's positioning as infrastructure for large-scale real-world asset tokenization and may increase attention to on-chain settlement, permissioned access models, and related RWA ecosystem activity.

Impact level

● High

Affected assets

ETH/USDT+0.50%

AI Insight · ETH/USDTAI Insight

▲ Bullish

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BlackRock has tokenized 12 new share classes across six European money market funds with a combined value of $311B. The share classes were minted on Ethereum through JPMorgan’s Kinexys platform. The move marks another step in bringing traditional financial assets on-chain. Ethereum is being used to support large-scale issuance of tokenized real-world assets.

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