US asset manager BlackRock has launched its first tokenised access to funds in Europe with on-chain share classes for select BlackRock Institutional Cash Series (ICS) money market funds, extending blockchain-enabled functionality to Europe’s largest cash management platform. Using Kinexys by J.P. Morgan’s asset tokenisation platform, the ICS share classes will offer digital tokens in the traditional money market funds, minted on the Ethereum blockchain. This grants eligible investors access to digital tokens of existing cash management strategies, preserving institutional grade resilience and recognised, regulated money market fund structures. Each token represents an underlying ICS fund share, while the official shareholder register continues to be maintained via the fund’s transfer agent infrastructure. The tokenised on-chain ICS share classes enable seamless transfer of fund holdings between approved investor wallets on the blockchain through smart contracts.