Citi, Fidelity Intl combine money market fund tokenization with FX swaps

As part of Singapore’s Project Guardian which explores tokenization, Citi and Fidelity International have developed a solution that combines a tokenized money market fund (MMF) with an embedded digital FX swap. Conventionally, if an institution outside of the United States wants to buy a US dollar MMF, that involves currency risks. They have to convert their local currency into the US […]
Wall Street Financial Services Firm Lazard Plans to Create Tokenized Funds with Bitfinex Securities

Tokenization of conventional financial products is a booming sector within the digital asset industry, with BlackRock, HSBC and now Lazard among the global firms entering the space. Lazard (LAZ), a 175-year old global financial services and asset management company, is the latest among traditional financial players jumping on the asset tokenization trend, planning to create […]
WisdomTree lets you pay for coffee using tokenized money market funds

WisdomTree’s digital money market fund WTGXX can now be used for spending using the WisdomTree Prime Visa Debit Card. This is the vision many have had for tokenization – that instead of keeping money in bank accounts, investors can earn a yield on their assets until they are ready to spend. WisdomTree refers to it as […]
Janus Henderson to partner with Anemoy and Centrifuge on its first tokenized fund

London Janus Henderson Investors is pleased to announce that it will be entering into an exciting new strategic partnership with Anemoy Limited and Centrifuge to manage Anemoy’s Liquid Treasury Fund (“LTF”), a fully on-chain, tokenized fund issued on Centrifuge’s public blockchain that provides investors with direct access to short-term US Treasury bills. Janus Henderson will […]
ETFs and mutual funds are all going to be on blockchain, says Franklin Templeton CEO

Jenny Johnson, President and CEO, Franklin Templeton has long been a blockchain fan. “Eventually I think ETFs and mutual funds are all going to be on blockchain,” she told Bloomberg TV last week. The asset manager issued a money market fund on blockchain, which was the largest blockchain-based treasury fund until last week. The Franklin Onchain US Government Money fund has a market capitalization of $367 million […]
Jamie Dimon says JPMorgan Chase should absolutely be ‘scared s—less’ about fintech threat

JPMorgan Chase CEO Jamie Dimon has watched while a new breed of fintech players, led by PayPal, Square and tech giants around the world have exponentially grown users and market value. His message to the management team of his $3.4 trillion banking goliath: Be frightened. “Absolutely, we should be scared s—less about that,” Dimon said Friday in a conference call with […]
Four ways JPMorgan, BlackRock and others are targeting the $14tn tokenisation opportunity

Tokenisation, or technology that pairs real-world assets with digital tokens on a blockchain, will likely take years to develop, according to Deloitte. And any significant breakthroughs are likely to come from multiple parties instead of deriving from a single entity, the accounting giant wrote in a recent report. However, ongoing trials with the technology and […]
BlackRock’s BUIDL Becomes Largest Tokenized Treasury Fund Hitting $375M, Toppling Franklin Templeton’s

BlackRock’s first tokenized offering, created with Securitize, has captured almost 30% of the $1.3 billion tokenized Treasury market in just six weeks. BlackRock’s BUIDL fund grew $70 million last week to take the top spot from Franklin Templeton’s BENJI offering, which saw minor outflows, blockchain data shows. Growth of Ondo Finance’s OUSG token was responsible […]