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Franklin Templeton executive discusses tokenization,AI and capital allocation, saying that tokenized money market funds have become standard offerings for many asset managers.
As of October 7 the week, money market funds attracted 166400000000 USD in inflows, the largest amount in a single week since 2020 years April. Michael Hartnett said that, before sustained and substantial rate cuts, cash may not flow back into stocks on a large scale.
BlackRock Digital Assets Director Nikhil Sharma said at Token2049 that tokenized money market funds can be transferred directly as collateral, without redemption or waiting for cash to arrive.