💰🎒 Should all money be yield-bearing?Tokenized money market funds and leading stablecoins tend to have the same backing: short-term government securities.Yet, they operate under different regulatory regimes.TMMFs are classified as securities, which subjects them to transfer restrictions and redemption controls, but permits them to distribute yield to holders.Stablecoins are classified as payment instruments, which enables free transferability, but prohibits yield distribution in practice.However, both produ ...

Stablecoins and tokenized money market funds are both backed by the same underlying assets, primarily U.S. Treasury bills, yet they sit under entirely different regulatory regimes: one can be transferred freely but cannot pay yield, while the other pays yield but cannot be transferred freely.This asymmetry is the product of legacy classification systems that predate blockchain technology, and history suggests it may not last.Ride-sharing and home-sharing platforms once operated in direct conflict with exist ...

Key Developments - ChinaAMC launched Asia's first and largest tokenized money market funds, including HKD, USD, and RMB [1] - The tokenized money market funds will soon be deployed on Solana [1]

Market Overview - The market capitalization of tokenized U.S Treasury Bill (T-Bill) funds has reached $7 billion [1] - Tokenized U S T-Bill funds market capitalization has increased 50x since 2024 [1]

Market Overview - Market capitalization of tokenized U S T-Bill funds reaches $7 billion [1] - Tokenized U S T-Bill funds experienced a 50x increase since 2024 [1]

ETFs and Funds - BlackRock ETF investors return to profit as price recovers to $90,000 [1] - Grayscale files with SEC to convert Zcash Trust into spot ETF [1] - Tokenized money market funds experience a surge, reaching $9 billion [1] Cryptocurrency and Blockchain Updates - Ethereum increases block gas limit to 60 million as network capacity expands ahead of Fusaka [1] - Abu Dhabi regulator approves Ripple's RLUSD stablecoin for institutional use [1]

Market Trends - Tokenized money market funds reached an all-time high of $8.4 billion [1] - This represents a 60x surge since early 2024 [1] - Traditional finance giants like BlackRock, Ondo, Franklin Templeton, Fidelity, and VanEck are driving the growth [1] Technology & Infrastructure - Ethereum serves as the primary settlement layer for tokenized money market funds [1]

Market Growth & Adoption - Tokenized U.S T-Bill funds market cap has grown to $84 billion, a 60x increase since early 2024 [1] - BlackRock's BUIDL leads in adoption of tokenized money market funds [1] Advantages of Onchain Treasuries - Onchain versions of T-Bills offer risk-free yield, instant settlement, 24/7 access, daily yield, and lower costs [1] - Growing regulatory clarity supports onchain T-Bills [1] Future Potential - Tokenized Treasuries are on track to become a core onchain asset [2] - Tokenized T-Bills could represent the risk-free baseline yield for the onchain economy [2]

Market Trends - Tokenized money market funds' AUM reaches an all-time high of approximately $8.4 billion [1] - The AUM of tokenized money market funds has increased by approximately 60x since the beginning of 2024 [1]

Tokenized Money Market Funds - The AUM of tokenized money market funds reached an all-time high of approximately $84 billion [1] - Tokenized money market funds AUM increased by approximately 6000% since the beginning of 2024 [1]