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Galaxy Digital Plans Tokenized Money Market Fund on Multiple Blockchains
- Galaxy Digital, led by Mike Novogratz, plans to launch a tokenized money-market fund.
- The initiative aims to provide a crypto-native alternative to traditional finance tokenized funds like BlackRock's and Franklin Templeton's offerings.
- The fund will be available on the Ethereum, Solana, and Stellar blockchains, though not simultaneously at launch.
- Anchorage Digital is set to be the custodian of this new fund.
- The goal is to leverage tokenization for instant liquidity and innovation in fund engagement.