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.