BlackRock Expands Tokenized Liquidity to $311B in European Funds

The rollout encompasses 12 share classes across major Institutional Cash Series (ICS) funds, including those focused on Euro, Sterling, and U.S. Dollar liquidity. By moving these assets on-chain, BlackRock aims to streamline corporate treasury operations and digital collateral management. While shares are represented as tokens, the official shareholder register remains anchored in existing transfer agent infrastructure, ensuring current compliance standards remain intact.

This expansion follows a recent push in the United States, where the firm introduced similar blockchain-based liquidity products. Unlike stablecoins, these tokenized shares offer returns based on the performance of the underlying portfolio. According to Hannah Winter, Head of Digital Cash at BlackRock, the structure provides high-quality, short-duration investment exposure in a digital format without compromising capital preservation or liquidity. The funds are now available to institutional clients across 15 markets, including France, Germany, Ireland, and Singapore.