NEW:
@BlackRock launches tokenized share classes for select European money market funds.
The firm plans to tokenize share classes of its European Institutional Cash Series money market funds onto
@Ethereum, using Kinexys by J.P. Morgan as the translation layer between onchain activity and the traditional fund registers.
When we spoke to Max Stein, a director on the digital assets team at
@BlackRock, on
@_TalkingTokens earlier this year, he spoke about the model that structures like this one rely on, public issuance paired with permissioned transfer: