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Galaxy Digital Said to Plan Its Own Tokenized Money Market Fund
Yahoo Financeยท 2025-09-16 16:08
Group 1 - Galaxy Digital is planning to launch a tokenized money-market fund, aiming to innovate within the traditional finance-led tokenized fund offerings [1][3] - The fund will be available on Ethereum, Solana, and Stellar blockchains, but not all at launch [2] - Anchorage Digital will serve as the custodian for the new fund [2] Group 2 - The goal of the fund is to leverage tokenization for instant liquidity, with ongoing innovations expected [3] - Galaxy Digital has observed existing funds like BlackRock's BUIDL to understand market engagement and improve their offering [3] - BlackRock's BUIDL fund currently has a market cap of approximately $2.2 billion and launched on the Solana blockchain in March after debuting on Ethereum [4]