Tokenisation news, 11 August 2026
Schroders launched its first tokenised fund share class, BlackRock scaled its European tokenised money market funds to $311 billion, and Wells Fargo committed to tokenised deposits for corporate clients.
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Key takeaways
- Schroders launched SOAR, its first tokenised money market fund share class, inside an established Ireland-domiciled US dollar fund, using JPMorgan's Kinexys platform for transfers and redemptions.
- BlackRock rolled out 12 tokenised share classes across six European money market funds worth a combined $311 billion, available to investors across 15 markets including Luxembourg.
- Wells Fargo announced plans to launch tokenised deposits for corporate and commercial clients this autumn, joining JPMorgan, Citi, HSBC, DBS and BNY in offering or building this kind of infrastructure.
- Four of the UK's top five asset managers now have tokenised fund share classes in live production, not pilot.
Schroders launches its first tokenised fund share class
Schroders, Britain's second-largest asset manager, has won regulatory sign-off for its first tokenised money market fund share class — a digital version of a fund holding whose ownership is recorded on a blockchain rather than only in a traditional register. The new share class, called SOAR, sits inside an established Ireland-domiciled US dollar fund, cleared by the Central Bank of Ireland, and uses JPMorgan's Kinexys platform to process transfers and redemptions automatically. Schroders also sees a path towards using the tokenised shares as collateral and supporting round-the-clock treasury and liquidity management, though those capabilities aren't live yet.
The Investre take: Four of the UK's top five asset managers have now put tokenised share classes into production, which means this is no longer a pilot phase but a live operating model competitors will be measured against. Luxembourg-domiciled fund ranges need to decide now whether they're building similar on-chain capability, or waiting to see who moves first from London and Dublin.
BlackRock scales tokenised money market funds to $311 billion in Europe
BlackRock, the world's largest asset manager, has rolled out blockchain-based share classes for a group of its European money market funds — low-risk funds that hold cash and short-term government debt — worth a combined $311 billion. The new tokenised share classes total 12 across six funds in sterling, euro and US dollar versions, built using JPMorgan's Kinexys platform with tokens minted on the Ethereum blockchain, and are available to investors in 15 markets, including Luxembourg. The move follows two similar tokenised cash products BlackRock introduced in the US a day earlier.
The Investre take: When the world's largest asset manager treats Luxembourg as one of fifteen day-one markets for a $311 billion launch, on-chain distribution has stopped being optional for European fund infrastructure. As Luxembourg's only Control Agent for DLT-native fund issuance, we'd say the real test now is whether the legal register behind these funds is actually ready to connect.
Wells Fargo joins the tokenised deposit race
Wells Fargo has announced plans to launch tokenised deposits — bank deposits recorded on a blockchain so that funds can move, be programmed and settle at any time, without leaving the regulated banking system — for corporate and commercial clients. The rollout begins this autumn with a limited US dollar-sterling corridor, before expanding to more clients, countries and currencies through 2027. Wells Fargo joins JPMorgan, Citi, HSBC, DBS and BNY among the global systemically important banks already offering or building this kind of infrastructure.
The Investre take: These major banks now see tokenised deposits as core infrastructure rather than an experiment, which raises the obvious question for European corporate treasurers: which of their banking partners is actually building this, and which is waiting to be asked. Fund administrators in Luxembourg should be having that same conversation with their custodians and transfer agents before clients start asking first.
What this means for European fund managers
Luxembourg managers already have the legal basis the institutions above are still building towards. Under the Blockchain IV Law, a fund's share register can be maintained on distributed ledger by an authorised Controlling Agent, which is what makes native fund tokens possible without a transfer agent or CSD. Investre became the first firm authorised for this role, and works with both UCITS managers and AIF managers on that basis.
Further reading: Investre becomes the first Controlling Agent under Blockchain IV Law, or The Final Block podcast.
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