bibibi.ccLoading…
A BlackRock representative said tokenized money market funds can be directly transferred as collateral.
BlackRock Head of Digital Assets: Tokenized money market funds are more convenient than traditional products
BlockBeats news,October 7, BlackRock Digital Assets Director Nikhil Sharma said at Token2049 that tokenized money market funds can be transferred directly as collateral, without redemption or waiting several days to receive cash.
Original link https://m.theblockbeats.info/flash/370541
BlockBeats reported that BlackRock Digital Assets Director Nikhil Sharma October 7 said at Token2049 that tokenized money market funds can be transferred directly as collateral.
The statement says that the process requires neither redemption nor waiting several days to receive cash.
The following is analysis, separate from reported facts. Verify important claims independently.
Tokenized money market funds are money market funds represented in digital form. According to the report, users can directly transfer the funds as collateral rather than first selling them and then waiting for cash to arrive.
This suggests that tokenized funds may be used for more convenient collateralization and liquidity arrangements, but the evidence does not show that any specific product or institution has already been implemented.
It concerns how traditional funds can improve the convenience of collateral and capital use through digitalization.
Loading event timeline…
This term is not in the glossary yet. Browse related concepts in the glossary.
View glossary →An asset provided by a counterparty to guard against potential losses, which may be liquidated in the event of default to compensate the lender for its loss.
View glossary →