The Reserve Bank of India proposed new draft guidelines to enhance participation and liquidity in the term money market, allowing entities to set lending limits with board approval. It also issued draft directions to consolidate existing rules for secondary market government securities trading, aiming for clarity and streamlined operations.
UBS's tokenized money-market fund (uMINT) is now being used as live collateral on Bybit, enabling yield-bearing assets to support trading activity. This marks a significant step for real-world asset (RWA) products, turning them into working exchange margin.
State Street Investment Management launched a money market fund for stablecoin issuers, designed to hold reserve assets under the new GENIUS Act framework. The fund invests in US government securities and repurchase agreements, with initial investors including State Street Bank and Anchorage Digital.
India's money markets hit record turnover as state banks borrow heavily to meet booming credit demand, despite global energy concerns and challenges attracting deposits. Borrowing costs have risen, widening the credit-deposit gap.
JPMorgan's JLTXX fund invests in US Treasury securities and overnight repo, targeting $1.00 NAV, to meet stablecoin issuer reserve requirements under the GENIUS Act, utilizing Ethereum with planned expansion to other chains.
JPMorgan's JLTXX fund invests in US Treasury securities and overnight repo, targeting $1.00 NAV, designed for stablecoin issuers' reserve needs under the GENIUS Act. Initially on Ethereum, with potential Solana expansion for reserve operations, illustrating a multi-chain institutional cash architecture.
JPMorgan has filed to launch a tokenized money market fund on Ethereum, allowing stablecoin issuers to hold reserves backing their stablecoins in a regulated, cash-like vehicle while earning interest
JPMorgan files SEC filing for JPMorgan OnChain Liquidity-Token Money Market Fund (JTLXX), a tokenized fund investing in US treasury securities, utilizing a permissioned blockchain layer on Ethereum, highlighting blockchain technology risk.
BlackRock is accelerating its push to bring Wall Street yields to the blockchain, filing paperwork with US regulators to introduce a pair of tokenized money market funds. The move represents a major escalation in the asset management giant's strategy to bridge traditional financial instruments with the rapidly expanding digital asset ecosystem. According to May 8 […] The post BlackRock looks to sidestep Clarity yield issues, filing for two new tokenized money market funds appeared first on CryptoSlate.
Morgan Stanley debuted a money market fund intended for stablecoin issuers, billing the product as a way for companies to manage reserves.
Stablecoin issuers must invest a minimum of $10 million into Morgan Stanley’s money market fund, MSNXX, to access the stablecoin reserve offering.
