The Block reported that BlackRock has launched a tokenized share version of its European money market fund. The share tokens are based on Ethereum (ETH) and utilize the technology of J.P. Morgan's blockchain payment platform, Onyx. The assets to be tokenized are selected from the Institutional Cash Series platform, which has $311 billion in assets under management. BlackRock has recently been launching tokenized money market products to expand its cash management business.
