EUR / tokenized money market fund

BlackRock ICS Euro Government Liquidity Fund OnChain

issued by BlackRock (Institutional Cash Series, ICS). unverified

not published

published yield

n/d

size

allowlist only

can you hold it

The terms

Issuer: BlackRock (Institutional Cash Series, ICS)
Jurisdiction: Ireland (UCITS)
Chains: Ethereum
Contracts: No contract address could be established from public sources. That is a disclosure gap on the issuer, and it is recorded as one.
Yield basis: Not disclosed in any source I could read. It is the yield of the underlying ICS Euro Government Liquidity Fund; the tokenised share classes do not carry a separate rate.
Size: Not disclosed on any source we could read.
Minimum: Not disclosed.
Who may hold it: Eligible investors in 13 named jurisdictions: Bermuda, Estonia, France, Germany, Ireland, Lithuania, Luxembourg, Malta, Netherlands, Spain, Sweden, Singapore and the United Kingdom. Targeted at corporate treasurers, asset managers and investment consultants. Transfers occur only between approved investor wallets. US persons are not addressed but the US is not among the listed jurisdictions. source
Redemption: Not disclosed. The official shareholder register remains with the fund's traditional transfer agent (J.P. Morgan); Kinexys scans the blockchain for transfer activity and updates transfer-agency records 24/7, but token minting occurs only during official fund operating hours. Dealing is therefore expected to follow conventional MMF cut-offs. source
Cost to enter: Not disclosed.
Transferability: Permissioned. Transfers only between allowlisted wallets.
Secondary liquidity: None. These are institutional share classes with wallet-level approval; no DeFi venue involvement reported.

What we think you should know

Announced 4-5 August 2026, one day before this survey, so it is brand new and there is no track record. All my sources are press (CoinDesk, The Block, Markets Media, Ledger Insights); BlackRock's own fund pages were unreachable for me, so I could not confirm the fund name, share class codes, ISINs, yield or the on-chain contract at the issuer. The headline '$311 billion' is the combined AUM of all six underlying ICS funds across all currencies, NOT the euro fund and certainly NOT the tokenised share classes, which start at zero, do not let that number into a comparison table. Reports agree the tokens sit on public Ethereum via J.P. Morgan's Kinexys, with 12 tokenised share classes (daily distribution and accumulation) across six funds. Two of the six are euro: this one and the ICS Euro Liquidity Fund OnChain.

Sources

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