Tokenized money market funds

GENIUS Act Bans Yield-Bearing Stablecoins, Shifting DeFi Focus to Tokenized Money Market Funds

The recently enacted GENIUS Act has prohibited stablecoin issuers from offering yield-bearing products, significantly diminishing stablecoins’ competitive advantage against traditional financial instruments. The legislation explicitly bars returns on stablecoin holdings, making tokenized money market funds (MMFs) increasingly attractive alternatives due… Read More »GENIUS Act Bans Yield-Bearing Stablecoins, Shifting DeFi Focus to Tokenized Money Market Funds

Futu Announces Multi-Currency Crypto Interest-Bearing Tokenized Money Market Funds

Futu has unveiled plans to launch cryptocurrency-based interest-bearing tokenized money market funds denominated in Chinese yuan (RMB), Hong Kong dollar (HKD), and US dollar (USD). The initiative aims to improve market liquidity and increase accessibility for international investors by leveraging… Read More »Futu Announces Multi-Currency Crypto Interest-Bearing Tokenized Money Market Funds

Goldman, BNY Mellon Pioneer Tokenized Money Market Funds for Institutions as Sector Grows

Major financial institutions Goldman Sachs and BNY Mellon are actively exploring the tokenization of money market funds, specifically tailored for institutional investors. These initiatives utilize blockchain technology to record fund ownership and enable near real-time settlement capabilities, operational 24 hours… Read More »Goldman, BNY Mellon Pioneer Tokenized Money Market Funds for Institutions as Sector Grows