According to CoinMeta, Blackstone announced the expansion of its $311 billion tokenized money market fund to Europe, launching Ethereum-based share-class funds. This launch is in collaboration with JPMorgan Chase and covers existing institutional cash funds in multiple European and international markets. Blackstone stated that the tokenized money market funds will provide institutional investors with high-quality short-term investment opportunities while maintaining compliance controls. The tokenized share-class funds will initially be available in several countries and regions, including France, Germany, Ireland, and others.