1/ We’re excited to announce the close of @ethereuminsti's initial ecosystem funding round and supporter coalition, with broad participation and support from individuals and entities focused on driving institutional adoption of @ethereum.
Our ecosystem funding round is anchored by @BitMNR, @Sharplink, Ethereum co‑founders @ethereumJoseph , and @MihaiAlisie, alongside a larger group of individuals and crypto‑native institutions.
The tokenized fund market has grown to $34.5B across 91 issuers and 31 chains.
No single issuer accounts for more than 13.4% of market cap, while Ethereum remains the largest settlement layer with 51.2% market share.
News: BlackRock brings its European money market funds onto Ethereum.
BlackRock is tokenizing share classes of its European Institutional Cash Series money market funds, representing $311 billion in assets as of June 30.
The onchain share classes are issued on @ethereum in partnership with Kinexys by J.P. Morgan, which acts as the translation layer between onchain activity and the traditional fund registers.
12 tokenized share classes span the ICS Euro Government Liquidity, Sterling Government Liquidity, US Treasury, Euro Liquidity, Sterling Liquidity and US Dollar Liquidity funds.
Each enables 24/7 peer to peer transfers between approved investor wallets, with yield-bearing money market fund exposure and near real-time onchain visibility.
Announced a day after BSTBL and BRSRV.
The world's largest asset manager is now issuing euro, sterling and dollar money market shares on Ethereum, with J.P. Morgan as the tokenization layer.
News: BlackRock brings its European money market funds onto Ethereum.
BlackRock is tokenizing share classes of its European Institutional Cash Series money market funds, representing $311 billion in assets as of June 30.
The onchain share classes are issued on @ethereum in partnership with Kinexys by J.P. Morgan, which acts as the translation layer between onchain activity and the traditional fund registers.
12 tokenized share classes span the ICS Euro Government Liquidity, Sterling Government Liquidity, US Treasury, Euro Liquidity, Sterling Liquidity and US Dollar Liquidity funds.
Each enables 24/7 peer to peer transfers between approved investor wallets, with yield-bearing money market fund exposure and near real-time onchain visibility.
Announced a day after BSTBL and BRSRV.
The world's largest asset manager is now issuing euro, sterling and dollar money market shares on Ethereum, with J.P. Morgan as the tokenization layer.
BlackRock has launched two tokenized money market funds.
The $6.2 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL) now has a tokenized share class issued on @ethereum, with BNY as transfer agent and tokenization provider.
A second vehicle, BRSRV, launches alongside it, with Securitize as transfer agent and tokenization provider.
Both invest in cash, short-term US Treasuries, and overnight repo backed by Treasuries, and both intend to qualify as eligible reserve assets for permitted US payment stablecoin issuers under the GENIUS Act.
BlackRock at a glance:
→ Over $15 trillion in assets under management
→ More than $1 trillion overseen by its Cash Management business
→ Around $60 billion in stablecoin reserves already managed
The world's largest asset manager and the world's largest custodian are both building on Ethereum.
BlackRock has launched two tokenized money market funds.
The $6.2 billion BlackRock Select Treasury Based Liquidity Fund (BSTBL) now has a tokenized share class issued on @ethereum, with BNY as transfer agent and tokenization provider.
A second vehicle, BRSRV, launches alongside it, with Securitize as transfer agent and tokenization provider.
Both invest in cash, short-term US Treasuries, and overnight repo backed by Treasuries, and both intend to qualify as eligible reserve assets for permitted US payment stablecoin issuers under the GENIUS Act.
BlackRock at a glance:
→ Over $15 trillion in assets under management
→ More than $1 trillion overseen by its Cash Management business
→ Around $60 billion in stablecoin reserves already managed
The world's largest asset manager and the world's largest custodian are both building on Ethereum.
Over a year ago, @BGDA_UK launched the Strategic Bond Feeder Fund, a UK UCITS and the first fully tokenized regulated fund in the UK, issued on Ethereum.
Since then, we have worked closely with the BG team to help accelerate their tokenization roadmap.
Their progress has set the standard for native tokenization, not just for their firm but for the industry as a whole.
Baillie Gifford’s Enhanced Yield Fund $BAGEY demonstrates that progress: a UK-regulated fund with @ethereum as the legal source of truth, which was also recently approved by the SFC in Hong Kong.
We look forward to continuing our work with the @BGDA_UK team!
WE ARE HIRING
We are building the institutional relationship layer for Ethereum and we still have some open roles:
→ Head of US
→ Head of MENA
→ Head of Marketing
→ Forward Deployed Engineers
If you thrive at the intersection of traditional finance and open, neutral infrastructure, we would like to hear from you.
Apply below👇
WE ARE HIRING
We are building the institutional relationship layer for Ethereum and we still have some open roles:
→ Head of US
→ Head of MENA
→ Head of Marketing
→ Forward Deployed Engineers
If you thrive at the intersection of traditional finance and open, neutral infrastructure, we would like to hear from you.
Apply below👇
Ethereum turns 11 today.
Since mainnet went live on July 30, 2015, Ethereum has:
→ Never halted. Not once, across 11 years of continuous block production.
→ Become the settlement layer for stablecoins, holding more than half of all supply
→ Taken the largest share of tokenized real world assets of any network
→ Built the largest DeFi ecosystem in crypto, ~8x the next largest chain by TVL
→ Grown the largest developer ecosystem in the industry
→ Become the default venue for institutions coming onchain
No company owns it. No one can switch it off. Credibly neutral. Everything onchain is verifiable.
Here's to the next 11 years as Ethereum becomes the home of finance.
Breaking: Open USD will launch on @ethereum on day one.
Over 140 businesses, including Visa, Mastercard, Stripe, BlackRock and BNY. All reserve earnings flow to the partners that grow it.
A shared asset needs neutral ground.
We're excited to be working with @openstandard on their Ethereum journey.