TechFlow, on September 17, according to CoinDesk, Galaxy Digital, the digital asset investment firm led by Mike Novogratz, is preparing to launch a tokenized money market fund. The fund will be rolled out陆续 on three major blockchains—Ethereum, Solana, and Stellar—and is expected to launch within the coming months.
According to sources familiar with the matter, Anchorage Digital will serve as the custodian for the fund. Galaxy Digital's move aims to bring more crypto-native products to market, complementing tokenized funds launched by traditional financial institutions such as BlackRock's BUIDL (with approximately $2.2 billion in assets under management) and Franklin Templeton's BENJI.
A representative from Galaxy Digital declined to comment on the fund. The fund will strive to provide instant liquidity through tokenization technology and draw lessons from existing products to optimize user participation methods.
