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26 November 2025

BIS: The rise of tokenised money market funds (TMMFs)

  • Tokenised money market funds (TMMFs) are a fast-growing collateral asset and savings instrument in the crypto ecosystem. Like stablecoins, TMMFs circulate on public permissionless blockchains but offer returns at money market rates and regulatory protections as securities.
  • TMMFs currently cater...
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