BlackRock Tokenizes $311B of European Money Market Funds With JP Morgan's Kinexys

Bullish-1.83%

4 Aug, 11:40

Source: Decrypt

AI Summary

BlackRock and JP Morgan partner to tokenize $311B of European money market funds on Ethereum, marking major institutional adoption of blockchain for traditional finance.

Europe's largest cash management platform is now issuing tokens on Ethereum, in a launch restricted to professional investors.