Tokeny’s Post

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Our CEO Luc Falempin shares insights on BlackRock's BUIDL fund and its impact on #tokenization and the future of money market funds (#MMFs). 🔸 BlackRock's move is driving institutional adoption of tokenization on #publicblockchains. 🔸 Attracted $245 million in assets under management (#AuM) in the first week showing the robust appetite from the buy side. 🔸 BUIDL's 24/7 availability and instant settlement capability attracted investors from Web3 like Ondo Finance to provide a better experience to its investors. 🔸 Players in the web3 space are starting to create solutions to support tokenized funds. E.g., Circle enables BUIDL holders to swap shares for USDC. 👉 What's next? Broader #distribution of tokenized MMFs across diverse trading platforms and #DeFi protocols. Read more in the document and subscribe to the newsletter here: https://lnkd.in/dVjxhF74

Patrick O'Meara

Chairman & CEO, Inveniam Capital Partners

6mo

This is right on the money

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