#MoneyMarketFunds
31 articles tagged #MoneyMarketFunds — curated RWA tokenization coverage.
GRANITE, Tarmiiz join FRA Sandbox to test money market fund tokenization
GRANITE Financial Holding and Tarmiiz Information Technology have been admitted to the Egyptian Financial Regulatory Authority (FRA) Regulatory Sandbox to pilot the tokenization of money market funds. This initiative marks a significant step for Egypt's non-banking financial sector as it explores blockchain for recording and managing asset ownership. By leveraging Tarmiiz’s blockchain infrastructure alongside GRANITE’s asset management expertise, the partners aim to identify the necessary regulatory and operational frameworks for future commercial viability. The project is one of nine initiatives granted preliminary approval within the Sandbox's first year, which saw over 50 total applications. This testing phase focuses on assessing how distributed ledger technology can improve liquidity management and transaction settlement efficiency. The collaboration underscores a growing institutional interest in modernizing capital market infrastructure through digital assets. Ultimately, the findings from this sandbox environment will inform the FRA’s approach to integrating tokenization into the broader Egyptian financial ecosystem.
Franklin Templeton's $726 Million Tokenized Fund Wins SEC Clearance to Enter $872 Billion of ETFs and Mutual Funds
On August 12, 2026, the SEC issued a no-action letter allowing Franklin Templeton to integrate its tokenized Franklin OnChain U.S. Government Money Fund (BENJI) into its broader suite of mutual funds and ETFs. This regulatory clearance permits Franklin’s $872 billion in registered fund assets to utilize BENJI for cash management and as collateral in securities lending programs. The SEC staff determined that blockchain-based records function as a modern equivalent to traditional book-entry systems, provided that an affiliated transfer agent maintains administrative control. By leveraging multiparty computation and multisignature techniques, Franklin Templeton ensures custodial authority remains intact, satisfying the SEC's requirements for investor protection. This development marks a significant shift, moving tokenized assets from a niche crypto-native product into the core plumbing of traditional retail investment vehicles. While the relief is specific to Franklin’s internal structure, it establishes a critical precedent for how tokenized funds can be integrated into regulated investment products. As other fund sponsors analyze the twelve mandatory operating conditions, this move signals a broader evolution in how institutional capital manages liquidity and settlement efficiency.
Franklin Templeton Gets SEC Clearance for Funds to Hold Tokenized Assets
Franklin Templeton has received a no-action letter from the SEC, allowing its traditional investment funds to hold shares of its blockchain-based Franklin OnChain U.S. Government Money Fund. This regulatory relief, issued on August 12, permits the firm to utilize its own investor services as a custodian for these tokenized assets under specific conditions. By integrating the BENJI-tokenized fund into conventional portfolios like mutual funds and ETFs, Franklin Templeton aims to enhance cash management precision and improve yield generation. The firm expects to begin implementing this structure as early as the fourth quarter, pending individual fund board approvals. This development marks a significant step in bridging the gap between traditional finance and blockchain-based recordkeeping. The OnChain fund, which operates on the Stellar blockchain, currently manages nearly $2 billion in assets. This move signals a broader institutional shift toward using tokenized money market funds as efficient collateral and liquidity tools within established financial products.
Weekly Recap: HPS fund 5% redemption cap and tokenized money market launches
BlackRock is currently managing liquidity pressures within its HPS Corporate Lending Fund, which has implemented a 5% quarterly redemption cap to address investor withdrawal demands. Simultaneously, the firm is expanding its digital asset footprint by launching tokenized money-market ETFs, signaling a strategic pivot toward integrating traditional financial products with blockchain infrastructure. Beyond these RWA initiatives, BlackRock reported net inflows into its Bitcoin products and executed a 1-for-3 reverse stock split for the iShares Ethereum Trust (ETHA). The firm also disclosed a 7.5% equity stake in Prio, a company focused on privacy-preserving data aggregation. These developments highlight BlackRock's dual focus on stabilizing legacy credit products while aggressively scaling its tokenized investment offerings. The move into tokenized money-market funds represents a significant institutional push to modernize liquidity management through distributed ledger technology. This multifaceted approach underscores the firm's intent to capture market share across both traditional and emerging digital asset classes.
Franklin Templeton: SEC Clears Onchain Fund Custody
Franklin Templeton has secured a significant no-action letter from the SEC Division of Investment Management regarding its OnChain U.S. Government Money Fund, known as FOBXX. This regulatory relief permits the fund to be utilized for cash management and as collateral for securities lending, moving beyond traditional physical-securities settlement requirements. By enabling ownership to be recorded directly on its blockchain-integrated system, the firm can now facilitate intraday trading and more efficient collateral management. This development marks a pivotal shift in how institutional-grade money market funds interact with distributed ledger technology. It effectively bridges the gap between legacy financial infrastructure and blockchain-based settlement, enhancing the utility of tokenized assets. For the broader RWA market, this approval signals a growing regulatory comfort with using on-chain assets for complex financial operations. The move underscores the increasing integration of tokenized government securities into mainstream institutional workflows.
Goldman Sachs, BNY Launch Tokenized Access to $7.1 Trillion Money Market Industry
Goldman Sachs and BNY Mellon have launched a collaborative system enabling institutional investors to purchase tokenized money market funds, targeting a $7.1 trillion industry. By recording ownership on Goldman’s blockchain platform, the initiative aims to eliminate traditional market frictions and enable real-time, efficient transactions. Major asset managers including BlackRock, Fidelity Investments, and Federated Hermes have joined as partners, alongside the asset management arms of the two banks. Unlike stablecoins, these tokenized funds provide yield, making them highly attractive for institutional cash management. Executives highlight that the digitized structure allows for direct transfers between intermediaries without the need for prior liquidation into cash. This capability enhances the utility of money market funds as collateral for trading activities and margin requirements. The project serves as foundational infrastructure for a 24/7 digital financial ecosystem, reflecting a broader shift toward blockchain-based financial plumbing. This development underscores growing institutional confidence in tokenizing traditional financial instruments to improve liquidity management and operational efficiency.
U.K. Asset Managers Progress Fund Tokenization
Major U.K. asset managers are rapidly adopting fund tokenization to enhance operational efficiency and distribution capabilities. Aviva Investors recently launched a tokenized share class for its US Dollar Liquidity Fund in partnership with Ripple, marking a regulatory first approved by the Central Bank of Ireland. Similarly, Schroders received approval from the Central Bank of Ireland to launch its 'Schroders Onchain Active Returns' fund, utilizing Kinexys by J.P. Morgan for smart contract-based redemptions. Legal & General Asset Management has also integrated its £50 billion liquidity fund suite into the Calastone Tokenised Distribution Network to streamline access. These developments signal a shift toward using tokenized money market funds as collateral in high-volume trading environments. By leveraging blockchain infrastructure, these firms aim to reduce idle liquidity and improve settlement times for institutional investors. This trend highlights the growing institutional focus on adapting established, regulated financial products to digital distribution channels.
BlackRock Expands Tokenized Money Market Funds Across Europe
BlackRock has expanded its tokenization strategy into Europe by introducing blockchain-based share classes for selected institutional money market funds. These funds, which held $311 billion in combined assets as of June 30, now offer institutional investors digital access while maintaining the underlying legal structure of traditional investment vehicles. The initiative utilizes the Ethereum blockchain to facilitate ownership transfers, supported by infrastructure provided by Kinexys and JPMorgan. This rollout encompasses 12 tokenized share classes across six liquidity fund groups, including Euro, Sterling, and US Dollar-denominated options. Approved institutional investors can now execute ownership transfers between digital wallets around the clock via smart contracts, though official shareholder registers remain unchanged. The products are initially available across 15 jurisdictions, including the UK, Germany, France, and Singapore. This move signifies a major step in integrating regulated fund exposure with blockchain infrastructure, potentially transforming corporate treasury operations and digital collateral management. By bridging traditional finance with digital assets, BlackRock continues to advance its long-term vision of tokenizing ETFs and private market investments.
JPMorgan Chase (JPM) Wins First Approved Tokenised Money Market Fund Mandate
JPMorgan Chase has officially transitioned its Kinexys blockchain platform from internal testing to live client deployment by supporting a new tokenized US dollar money market fund share class for Schroders. This milestone marks the first time a global asset manager has received regulatory approval to utilize JPMorgan's blockchain infrastructure for a tokenized fund product. By facilitating this integration, JPMorgan aims to enhance the efficiency and automation of institutional fund flows, moving beyond internal plumbing to provide external digital rails. The move represents a significant validation of JPMorgan's strategy to capture fee revenue from payments and asset management through proprietary blockchain technology. While the project demonstrates a successful commercial application of bank-grade digital infrastructure, it also highlights the ongoing competitive landscape against peers like Citigroup and Bank of America. The success of this initiative signals a broader industry shift toward integrating blockchain into traditional financial workflows to handle data-heavy applications. Ultimately, this deployment serves as a concrete proof-of-concept for the scalability of the Kinexys system within the global capital markets ecosystem.
Schroders gets Irish nod for tokenised money market fund
Schroders has secured approval from the Central Bank of Ireland to launch a tokenised share class within its US dollar money market fund, marking the firm's first foray into this specific asset class. Known as Schroders onchain active returns (SOAR), the product leverages Kinexys by J.P. Morgan to facilitate blockchain-based transactions, including redemptions and transfers via smart contracts. This initiative aims to enhance operational efficiency and address growing client demand for digital asset integration within traditional finance. By utilizing distributed ledger technology, the fund seeks to move beyond conventional settlement systems, potentially enabling future capabilities like 24/7 treasury management and collateralisation. The project is managed by Neil Sutherland and credit specialists, reflecting Schroders' broader strategy to build a composable finance ecosystem. This development follows the firm's earlier work with tokenised insurance-linked securities and its participation in digital asset standard-setting groups. The move underscores the accelerating institutional adoption of tokenised financial infrastructure to streamline liquidity and settlement workflows.
BlackRock (BLK) Launches Tokenized Cash Funds, Is The 14% Discount Still Compelling?
BlackRock has expanded its cash management offerings by introducing two new tokenized money market products, BSTBL and BRSRV. These products leverage blockchain infrastructure to provide regulated fund access while prioritizing principal stability and liquidity for investors. This move represents a strategic evolution for the firm, transitioning from a traditional indexed asset manager into a comprehensive global platform spanning public and private markets. By integrating blockchain technology into its core financial infrastructure, BlackRock aims to capture recurring earnings and enhance its competitive positioning in the digital asset space. The launch occurs alongside strong financial performance, with the firm reporting revenue and assets under management that exceed pre-2024 trajectories. While the firm faces potential risks from regulatory shifts and slower-than-expected adoption of its tech offerings, the integration of tokenized assets remains a central pillar of its long-term growth narrative. This development underscores the increasing institutional commitment to tokenizing traditional financial instruments to improve operational efficiency and market accessibility.
BlackRock (BLK.US) partners with JPMorgan (JPM.US) to launch tokenized money market funds in Europe
BlackRock has entered a strategic partnership with JPMorgan to introduce tokenized money market funds within the European financial landscape. This collaboration leverages JPMorgan's Onyx digital asset platform to facilitate the tokenization of BlackRock's existing money market fund offerings. By integrating blockchain technology into traditional fund structures, the initiative aims to enhance liquidity, settlement speed, and operational efficiency for institutional investors. The move represents a significant expansion of BlackRock's digital asset strategy, following the successful launch of its BUIDL fund on the Ethereum network. This development signals a broader institutional shift toward utilizing distributed ledger technology to modernize the management and distribution of regulated financial products. As major asset managers increasingly adopt tokenization, the European market is positioning itself as a critical hub for the convergence of traditional finance and blockchain infrastructure. This partnership underscores the growing demand for programmable, high-quality liquid assets that can be integrated into decentralized finance ecosystems while maintaining regulatory compliance.
Schroders receives approval for first tokenized MMF share class
Schroders, an asset manager with $1.17 trillion in assets under management, has secured approval from the Central Bank of Ireland to launch a tokenized share class for its US dollar money market fund. Known as Schroders Onchain Active Returns (SOAR), this initiative utilizes a digital twin model rather than a natively digital structure. The firm is collaborating with JP Morgan’s Kinexys platform, leveraging JP Morgan's existing role as the transfer agent for Schroders Funds ICAV. This development mirrors recent moves by BlackRock to introduce tokenized Irish UCITS funds, signaling a broader institutional trend toward digitizing traditional investment vehicles. By integrating distributed ledger technology, Schroders aims to facilitate seamless unit transfers between clients while enhancing operational efficiency. The firm anticipates that this infrastructure will eventually support advanced use cases such as 24/7 liquidity management and automated collateralization. This milestone underscores the growing momentum for tokenized money market funds within regulated European frameworks.
BlackRock Expands Tokenized Cash With New Blockchain-based Money Market Offerings
BlackRock has expanded its digital asset strategy by introducing new tokenized money market fund offerings on multiple blockchain networks. This move builds upon the success of the BUIDL fund, which currently holds over $500 million in assets under management on the Ethereum network. By leveraging blockchain technology, BlackRock aims to provide institutional investors with enhanced liquidity, transparency, and faster settlement times for cash-equivalent assets. The expansion reflects a broader institutional trend toward integrating traditional financial instruments with distributed ledger technology to streamline back-office operations. These new offerings are designed to cater to the growing demand for on-chain yield-bearing products that maintain the stability of traditional money market funds. As major asset managers continue to adopt blockchain infrastructure, the barrier between legacy finance and decentralized ecosystems continues to diminish. This development signals a significant shift in how global financial giants perceive the utility of public and private blockchains for managing large-scale capital.
BlackRock Expands Tokenized Finance on Ethereum
BlackRock has officially launched a tokenized money market fund on the Ethereum blockchain, signaling a major milestone for institutional adoption of real-world assets. This initiative allows eligible investors to access traditional money market investments through blockchain-based infrastructure, offering benefits such as near real-time settlement and enhanced transparency. By leveraging Ethereum's mature smart contract ecosystem, BlackRock aims to modernize investment products while reducing operational costs and streamlining fund administration. The move underscores a broader industry trend where global asset managers increasingly view public blockchains as viable platforms for regulated financial instruments. This development reinforces Ethereum's status as the primary network for institutional-grade tokenization, potentially encouraging other major firms to follow suit. As tokenized money market funds emerge as a rapidly growing segment, this launch bridges the gap between conventional finance and decentralized technology. Ultimately, BlackRock's entry into onchain fund management serves as a critical validation of blockchain's role in the future of global capital markets.
How BlackRock’s Tokenized Money Market Push For Stablecoin Reserves At BlackRock (BLK) Has Changed Its Investment Story
BlackRock has expanded its digital asset strategy by launching the BSTBL and BRSRV tokenized money market funds, signaling a strategic pivot toward integrating blockchain technology into core cash management and stablecoin reserve products. This initiative serves to deepen the firm's technology narrative, directly linking its internal innovation efforts to tangible, blockchain-based financial instruments. While these products represent a significant step in institutional adoption, they currently function alongside traditional fee-based revenue streams rather than replacing them. The move highlights BlackRock's commitment to leveraging its Aladdin platform and tokenization to capture new market segments in the evolving digital finance landscape. However, the integration of these assets onto public blockchains introduces heightened operational, regulatory, and cybersecurity risks that could impact long-term performance. Analysts note that while these tokenized offerings are innovative, the firm's primary short-term financial catalysts remain tied to execution across higher-fee alternative investments. Ultimately, the success of this tokenization push will depend on balancing technological growth with the management of complex infrastructure risks as the firm targets $35.7 billion in revenue by 2029.
BlackRock to Launch Tokenized Money-Market Fund in Europe With 24/7 Wallet Transfers
BlackRock is expanding its tokenized asset offerings by launching a blockchain-based money-market fund in Europe, drawing from its existing $311 billion institutional liquidity fund. The new product will feature share classes denominated in British pounds, euros, and US dollars, with each token pegged to the value of a single fund share. By utilizing JPMorgan's Kinexys blockchain platform, the initiative enables approved institutional investors to execute 24/7 transfers of fund interests directly between digital wallets. This development marks a significant shift in how traditional asset managers approach liquidity management, positioning tokenized funds as a regulated, yield-bearing alternative to standard stablecoins. The integration of institutional-grade infrastructure from JPMorgan highlights the growing convergence between traditional finance and distributed ledger technology. As BlackRock reports early client interest, the move signals a broader industry trend toward digitizing cash-like assets to improve settlement efficiency and accessibility. This expansion underscores the increasing institutional appetite for on-chain financial instruments that maintain the stability and risk profile of traditional money-market vehicles.
BlackRock Launches Tokenized Money Market Funds in Europe
BlackRock has expanded its digital asset strategy by launching tokenized money market funds specifically for the European market. This move follows the successful deployment of the BUIDL fund on the Ethereum blockchain, signaling a broader institutional push to bring traditional financial instruments on-chain. By leveraging blockchain technology, BlackRock aims to provide investors with increased liquidity, faster settlement times, and greater transparency for high-quality cash equivalents. The initiative reflects a growing trend among global asset managers to modernize fund distribution and operational efficiency through distributed ledger technology. European investors can now access these tokenized vehicles, which are designed to maintain stable net asset values while offering yield-bearing potential. This expansion is a significant milestone for the RWA sector, as it demonstrates the scalability of tokenized investment products across different regulatory jurisdictions. The integration of these funds into the European ecosystem underscores the increasing convergence between traditional finance and decentralized infrastructure.