Summary
- CoinDesk reported that Galaxy Digital plans to launch a tokenized money market fund (MMF).
- The fund is said to be tradable on the Ethereum (ETH), Solana (SOL), and Stellar (XLM) blockchains.
- The source highlighted the provision of immediate liquidity through tokenization and the potential for further innovation.
Galaxy Digital plans to introduce a tokenized money market fund (MMF).
On the 17th (local time), CoinDesk reported, citing well-informed sources, that Galaxy Digital is set to launch a tokenized money market fund. The new fund will be tradable on the Ethereum (ETH), Solana (SOL), and Stellar (XLM) blockchains and is expected to launch within several months.
A source who requested anonymity said, "Galaxy Digital will provide immediate liquidity through tokenization," adding, "more innovation is expected to follow."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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