Rewriting the Rails: Tokenized Money Market Funds
Summary
Tokenized money market funds apply blockchain technology to a cornerstone of institutional liquidity. By digitizing fund shares, they enable faster settlement, greater transparency, and continuous liquidity movement. However, widespread adoption hinges on overcoming four barriers: integration, control, legal, and treasury.
Eashwar Viswanathan
Eashwar leads product management for the institutional asset management segment at Arcesium.
Sources:
[i] Investment Company Institute, October 30, 2025. https://www.ici.org/research/stats/mmf
[ii] Reuters, July 25, 2025. https://www.reuters.com/markets/wealth/goldman-bny-team-up-launch-tokens-tied-money-market-funds-2025-07-23/
[iii] Asset Servicing Times, September 19, 2025. https://www.assetservicingtimes.com/assetservicesnews/industryarticle.php?article_id=17179
[iv] Bloomberg, October 11, 2023. https://www.bloomberg.com/news/articles/2023-10-11/jpmorgan-jpm-launches-blockchain-settlement-in-blackrock-barclays-trade
