Overview
Money-market fund shares represented as tokens for collateral, stablecoin reserves, and programmable cash — spanning mirror-token models and fully digitally-native-funds.
Timeline
- 2026-08-04: blackrock ICS Europe — 12 on-chain share classes across 6 MMFs ($311B underlying AUM, not on-chain AUM); TA remains authoritative; qualified clients (~13 markets) (2026-08-04-blackrock-europe-mmf-citywire)
Warning
Do not report $311B as tokenized/on-chain AUM — it is the underlying ICS complex size (on-chain-share-class).
- 2026-07-29: Dreyfus bliquid and planned BlackRock BSTBL on bny Digital TA (2026-07-29-bny-digital-transfer-agency)