More Boost For XRP As Ripple Expands Blockchain Innovation with Tokenized Money Market Fund

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XRP Ledger sees first tokenized money market fund: More inside

Ripple has partnered with Archax to launch the first tokenized money market fund on XRP Ledger. Ripple invested $5 million in Abrdn’s Lux Fund to expand the tokenized asset portfolio on XRPL.

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XRP Holds Strong as Archax Unveils Tokenized Money Market Fund on XRP Ledger

Archax has provided access to Abrdn’s U. S. dollar Liquidity Fund (Lux) in tokenized form on XRPL. Ripple will allocate $5 million into tokens on Abrdn’s Lux fund, part of a larger allocation to real-world assets (RWAs) on the XRPL.

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Ripple, Archax debut first tokenized money market fund on XRP Ledger

To kick things off, Ripple’s XRP Ledger will tokenize asset manager asset manager abrdn’s $4.77 billion US dollar Liquidity Fund.

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Ripple Announces First Tokenized Money Market Fund On The XRP Ledger

Ripple Labs has introduced the first tokenized money market fund on the XRP Ledger (XRPL). The initiative, in partnership with Archax and UK-based asset manager abrdn, signifies a notable advancement in the tokenization of real-world assets (RWA) and the expansion of institutional decentralized finance (DeFi) for the XRP ledger ecosystem. Ripple Enters The RWA Sector […]

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Ripple partners with Archax to debut first tokenized money market fund on XRPL

The partnership could accelerate the adoption of digital securities, transforming financial market infrastructure and enhancing efficiency. The post Ripple partners with Archax to debut first tokenized money market fund on XRPL appeared first on Crypto Briefing.

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Crypto Exchange Archax to Offer Tokenized Money Market Funds from State Street, Fidelity International and LGIM

The tokenized assets will initially be made available on Hedera Hashgraph, XRPL and Arbitrum.

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Securitize, Elixir launch DeFi vaults for Blackrock’s BUIDL

Holders of BlackRock's tokenized money fund can now tap into DeFi opportunities while earning interest from United States Treasury bills, Securitize said.

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How Tokenized Money Market Funds Dulled the Stablecoin Star

Regulatory uncertainty around yield-bearing stablecoins has allowed regulated tokenized yield-bearing instruments like money market funds to steal thunder, says Aaron Kaplan, co-CEO of Prometheum.

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Franklin Templeton’s money market fund can now be traded on Ethereum

Franklin Templetons $410M money market fund is now available on Ethereum, with Ethereum capturing 71% of tokenized treasury AUM. The post Franklin Templeton’s money market fund can now be traded on Ethereum appeared first on Crypto Briefing.

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Copper to Offer Custody Services for Tokenized Money Market Funds Such as BlackRock's BUIDL

The crypto custodian's clients can use money market fund tokens as collateral in derivatives trades after the company received approval from the Financial Services Regulatory Authority (FSRA) in Abu Dhabi.

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MANTRA partners with Libre Capital to facilitate tokenized money market funds

Layer-1 blockchain MANTRA and United Arab Emirates-based tokenization platform Libre Capital aim to drive further adoption of tokenized real-world assets On Nov. 4, MANTRA (OM) and Libre Capital announced a partnership leveraging their combined strengths to offer on-chain funds to…

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UBS launches first tokenized investment fund on Ethereum

UBS Asset Management has introduced its first tokenized investment fund on Ethereum. Named “UBS USD Money Market Investment Fund Token,” or ‘uMINT,’ the fund is built on Ethereum (ETH) for various authorized distribution partners across Singapore, per UBS. Tokenization is…

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Franklin Templeton launches tokenized money fund on Base

Franklin Templeton says this is the first tokenized money fund to launch on Coinbase’s layer-2 network. 

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Franklin Templeton’s tokenized US government money fund adds Base to supported chains

Franklin Templeton's move to integrate with Base highlights the growing intersection of traditional finance and blockchain technology, enhancing liquidity. The post Franklin Templeton’s tokenized US government money fund adds Base to supported chains appeared first on Crypto Briefing.

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Franklin Templeton Takes Its Tokenized Treasury Fund to Base, Becomes First Asset Manager on the Layer 2

Wall Street giant Franklin Templeton has made its $410 million OnChain U.S. Government Money Market Fund available Base in addition to Stellar, Aptos, Avalanche, Arbitrum and Polygon.

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WisdomTree links tokenized money market funds with prime debit card spending

WisdomTree introduces a new feature that lets users spend from their tokenized money market fund using a debit card. Global exchange-traded fund provider WisdomTree has launched a new feature enabling users to spend directly from their tokenized government money market…

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State Street Works on Tokenized Bond and Money Market Fund; No 'Current Plans' for Stablecoin Project

Tokenized collateral could have helped avoid or lessen the 2022 "liability-driven" crisis, Donna Milrod, chief product officer said in the interview with Financial News.

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Report: State Street enters tokenized bonds and digital money funds

American financial giant State Street is exploring blockchain technology to tokenize bonds and money market funds for enhanced collateral management. State Street, the largest custodian bank in the world, is leveraging blockchain to explore the tokenization of bonds and money…

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Franklin Templeton’s Onchain Money Market Fund Launches on Aptos

Franklin Templeton debuts its onchain money market fund FOBXX on the Aptos blockchain, expanding tokenized securities in DeFi. The post Franklin Templeton’s Onchain Money Market Fund Launches on Aptos appeared first on BeInCrypto.

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Franklin Templeton launches its tokenized money fund on Aptos

Franklin Templeton has launched the OnChain U. S. Government Money Fund (FOBXX) on Aptos. FOBXX currently has a market cap of over $435 million, second among tokenized US Treasuries behind BlackRock fund BUIDL.

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Franklin Templeton Adds Aptos Blockchain to Support Tokenized Money Market Fund

Aptos {{APT}}, the Layer 1 blockchain inspired by the discontinued Diem (formerly Libra) blockchain developed by Meta, has become the latest where Franklin Templeton’s OnChain U.S. Government Money Market Fund (FOBXX) can be traded.

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Stablecoins vs Tokenized Deposits: Why the Differences Matter

Aren’t stablecoins and tokenized deposits the same thing? Not at all, argues Noelle Acheson. It’s not just the different functionality and treatment, it’s also the different approaches to money.

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A Hunt for Yield: The Next Chapter in Crypto Portfolio Optimization

The fallout from the 2022 crisis has pushed the industry to innovate. One of the most promising developments has been the rise of tokenized money market funds. These funds offer a way to generate yield, says Jason Liebowitz, Head of Private Wealth at Hashnote.

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Franklin Templeton brings tokenized money market fund to Avalanche

Franklin Templeton, a global investment firm managing over $1. 6 trillion in assets, has expanded its tokenized money market fund to Avalanche. Franklin Templeton announced on Aug. 22 that its OnChain U.

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Avalanche Becomes Latest Blockchain to Support Franklin Templeton's Tokenized Money Market Fund

The fund’s official record of share ownership is kept on the Stellar network and the fund may also use Polygon and Arbitrum for certain accounts.

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Franklin Templeton Brings Tokenized Money Market Fund to Arbitrum

Franklin Templeton and Arbitrum partner to launch a tokenized fund, expanding TradFi's presence in the DeFi ecosystem through blockchain technology. The post Franklin Templeton Brings Tokenized Money Market Fund to Arbitrum appeared first on BeInCrypto.

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Franklin Templeton expands tokenized fund to Arbitrum

Franklin Templeton has launched its US government money fund on Ethereum Layer 2 network Arbitrum. The asset manager’s expansion of FOBXX adds to accessibility on Stellar and Polygon. Franklin Templeton, a global asset manager with $1.

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Franklin Templeton's Tokenized Money Market Fund Expands to Arbitrum

The $420 million OnChain U.S. Government Money Market Fund was previously available on Stellar and Polygon.

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Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain

The U.K. firm joined JPMorgan’s Tokenized Collateral Network (TCN), piloting the tokenization of its own money market fund for the first time with Onyx Digital Assets.

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Tokenizing money is the ‘greatest innovation’ after fiat — Tether co-founder

Stablecoins like Tether do not offer interest yields right now, but with tokenized fiat, that could be possible one day, co-founder William Quigley said.

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Franklin Templeton's Polygon move - Good news for MATIC's prices?

Franklin Templeton has tokenized a $380 million US government money fund on Polygon. Interest in Polygon NFTs plummeted. Polygon [MATIC] has seen some positive price movement over the courseThe post Franklin Templeton's Polygon move - Good news for MATIC's prices? appeared first on AMBCrypto.

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Franklin Templeton’s Tokenized Fund Enters Peer-to-Peer Transfer Era

Franklin Templeton's blockchain-based US government money fund token, BENJI, now offers P2P transfers. The post Franklin Templeton’s Tokenized Fund Enters Peer-to-Peer Transfer Era appeared first on BeInCrypto.

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Franklin Templeton tokenizes $380 million US government money fund on Polygon, Stellar

Franklin Templeton has tokenized a $380 million treasuries fund on the Polygon and Stellar blockchains to enable peer-to-peer (P2P) transfers without intermediaries. The company has launched the Franklin OnChain United States Government Money Fund (FOBXX), offering shares as BENJI tokens.

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Franklin Templeton enables P2P transfers for $380m tokenized treasury fund

Franklin Templeton enables peer-to-peer transfers for its $380 million money market fund via its BENJI token on Stellar and Polygon blockchains.

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Franklin Templeton Upgrades $380M Tokenized Treasury Fund to Enable Peer-to-Peer Transfers

The feature helps to expand the utility of the Franklin OnChain U.S. Government Money Fund's BENJI token and make it more interconnected with the digital asset ecosystem.

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Why the Misinterpreted BlackRock News Remains Bullish for Hedera’s (HBAR) Long-Term Trajectory

The crypto community witnessed a significant development as the HBAR Foundation announced that BlackRock’s ICS US Treasury money market fund (MMF) had been tokenized on the Hedera network. This development was initially misinterpreted by some as BlackRock itself tokenizing the fund directly on Hedera.

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HBAR token surges 90% amid confusion over BlackRock’s involvement

HBAR, the native token of the Hedera blockchain, surged by 90% following a widely misinterpreted announcement from the HBAR Foundation, which caused confusion among crypto influencers. A BlackRock money market fund was tokenized on the Hedera blockchain, causing the Hedera…

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BlackRock tokenizes Money Market Fund on Hedera, HBAR soars

Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. This is a major development in the real-world assets (RWAs) industry and comes after abrdn plc tokenized its MMFs on Hedera last year.

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Archax, Ownera and Hedera collaborate to tokenize BlackRock money market fund

Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. This is a major development in the real-world assets (RWAs) industry and comes after abrdn plc tokenized its MMFs on Hedera last year.

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Central Bank Group Starts Tokenization Project to Enhance Monetary System

The project will investigate the integration of tokenized commercial bank deposits with central bank money using smart contracts and programmability, the Bank for International Settlements said.

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BlackRock’s tokenized fund registers over $240 million in inflows within a week

BlackRock's tokenized money market fund built on Ethereum blockchain has attracted over $240M in inflows since its debut a week ago.

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UK Govt-Backed Report Urges Firms to Execute Tokenization Strategies

The Technology Working Group's report says firms need to be able to settle transfers on the blockchain via digital money and that funds should be allowed to hold tokenized assets.

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BlackRock leverages JPMorgan’s new blockchain tools for instant collateral settlement with Barclay’s

BlackRock used tokenized shares from one of its money market funds as collateral in a derivatives transaction with Barclays, leveraging JPMorgan’s newly introduced Tokenized Collateral Network (TCN), a blockchain-driven collateral settlement platform, per a Bloomberg report on Oct.

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UBS Launches First Tokenized Fund on Ethereum

UBS Asset Management pilots tokenized money market fund, exploring tokenizing real-world assets on Ethereum.

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UBS Asset Management launches pilot of tokenized fund

UBS Group AG, financial holding company, announced the launch of a pilot project to tokenized money market fund.

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Tokenized Real World Assets (RWA): Where are they now?

There is nothing in the world that is more scrutinized than money. How could it not be when money relays information on the value of…everything? And all economic activity arises from that record-keeping, if it is conducted accurately.

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Why Tokenized Assets Are Safer During a Banking Crisis

Recent U.S. bank failures exposed a strange truth: depositing your money on-chain is safer than trusting banks to make good on your holdings, argues Copper’s Fadi Aboualfa.

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Singapore Financial Regulator Releases Whitepaper On Design Considerations for Digital Money

The Monetary Authority of Singapore (MAS) has proposed a common protocol for the use of digital money, such as central bank digital currencies (CBDCs), tokenized bank deposits, and stablecoins on a distributed ledger.

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