The expansion

The asset manager's tokenized money market fund, previously available on a limited set of networks, can now be issued on Ethereum mainnet. Eligible investors can subscribe and redeem directly on-chain, with ownership recorded as tokens held in whitelisted wallets.

The fund invests in cash, U.S. Treasury bills and repurchase agreements, and pays daily dividends in the form of newly minted tokens.

Part of a wider RWA boom

Real-world asset tokenization has become one of the fastest-growing corners of the industry. Tokenized treasury products alone have more than doubled in size this year, driven by crypto-native treasuries seeking yield without leaving the chain.

“Every major asset manager now has a tokenization team. The question is no longer if, but which chain.”

— Digital-assets strategist

What changes for investors

For institutions, the main benefit is settlement speed and composability: fund shares can serve as collateral in permissioned DeFi venues and move between counterparties around the clock.