Decrypt: BlackRock Europe ICS tokenization via Kinexys
- 12 tokenized share classes across 6 ICS funds; $311B combined AUM (underlying, not on-chain)
- Minted on Ethereum via Kinexys; transfer agent register remains authoritative
- Professional/qualified clients; ~13 markets (Bermuda, Estonia, France, Germany, Ireland, Lithuania, Luxembourg, Malta, Netherlands, Singapore, Spain, Sweden, UK)
- Use cases: treasury, digital collateral, distribution
- Distinct from prior-day U.S. tokenized cash on Solana/Ethereum/Tempo; BUIDL >$2.6B context
- Kara Kennedy (Kinexys), Beccy Milchem / Hannah Winter (BlackRock) quoted