BlackRock has introduced twelve tokenized share classes for six European money market funds. The new digital products belong to the Irish line of the Institutional Cash Series. Tokens are issued on the Ethereum blockchain using the Kinexys infrastructure from JPMorgan. The launch covered liquidity funds in euros, pounds sterling and US dollars. Classes with income distribution and accumulation have been created for each product. The minimum initial payment is one million in the appropriate base currency. Annual management costs are set at two tenths of a percent of net assets. The total volume of basic funds reached three hundred and eleven billion dollars at the end of June.

By purchasing a tokenized class, the investor receives a traditional share and a digital token representing it. The company's designated transfer agent continues to maintain the official register of shareholders. The Kinexys platform acts as a connecting technological layer between operations in Ethereum and the accounting infrastructure. Smart contracts allow you to transfer digital shares around the clock between the wallets of authorized market participants. The architecture of the system remains permissive, requiring mandatory checks to receive tokens. Hannah Winter noted the preservation of the previous standards of capital protection and risk management. The company's representatives called corporate liquidity management a potential area of application for new tools.

The new financial instruments are intended exclusively for professional and qualified institutional clients. Retail investors do not have direct access to these on-chain classes of shares. The products are available in the UK, Singapore, Bermuda and in several EU countries. The list of approved jurisdictions includes Germany, France, Ireland, Luxembourg and the Netherlands. The company previously introduced similar tokenized money market products for the American market. Tokenization allows for the integration of traditional assets with other digital financial instruments. Market participants are closely monitoring the expansion of infrastructure solutions by large management companies.

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The material has been prepared solely for informational purposes and does not constitute financial advice or recommendation.