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Tokenized Money Market Fund
A tokenized money market fund is a money market fund whose shares or investment interests are represented using blockchain based tokens. The fund itself typically invests in short term, high quality instruments such as government securities, repurchase agreements or other short maturity assets according to its investment mandate.
Why it matters to you
Tokenized money market funds allow traditional cash management products to operate through blockchain based infrastructure. They can provide investors with access to yield generating traditional assets while potentially allowing fund interests to interact with other digital financial systems. The token's value and risk still depend on the underlying fund and its assets.
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