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Tokenized Money Market Funds

SEC-registered money market funds tokenized for blockchain settlement, offering institutional-grade compliance.

Market Size

$500M+

Typical Yield

4.5-5.2%

Key Issuers

3

## What are Tokenized Money Market Funds?

Tokenized MMFs are traditional money market funds that use blockchain technology for share recording and settlement. Unlike most tokenized assets, these are fully SEC-registered 1940 Act funds.

Regulatory Framework

  • **SEC Registration**: Full 1940 Act compliance
  • **FINRA Oversight**: Broker-dealer requirements
  • **Fund Administration**: Traditional fund structures
  • **Auditing**: Big 4 auditors

    • Key Products

    Franklin Templeton BENJI

    The first tokenized US government money fund, with shares recorded on Stellar and Polygon.

    WisdomTree Prime

    Digital fund offerings from the ETF giant.

    Superstate USTB

    SEC-registered short-duration Treasury fund.

    Benefits

  • **Regulatory Certainty**: Fully compliant structure
  • **Institutional Acceptance**: Familiar fund format
  • **Insurance**: SIPC coverage where applicable
  • **Reporting**: Standard fund reporting

    • Integration Considerations

  • Higher compliance requirements
  • Longer onboarding times
  • Traditional fund operations
  • Limited DeFi composability

    • How to Offer via Fensory Connect

    Access regulated tokenized MMFs for clients requiring institutional-grade compliance.

    Key Issuers

    IssuerProductYield
    Franklin TempletonBENJI4.8%
    SuperstateUSTB4.9%
    WisdomTreeDigital Funds4.7%

    Use Cases

    • Institutional treasury management
    • Regulated entity cash management
    • Pension fund allocations

    Integration Requirements

    • Broker-dealer relationship or exemption
    • Institutional onboarding
    • Traditional fund documentation

    Regulatory Notes

    • Full SEC registration
    • 1940 Act compliance
    • Broker-dealer requirements
    • SIPC coverage where applicable

    Access via Fensory Connect

    Integrate tokenized money market funds through a single API.

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    Related Asset Classes

    fixed-income

    Tokenized US Treasuries

    Tokenized exposure to US Treasury securities, providing on-chain access to the safest government-backed yields.

    fixed-income

    Tokenized T-Bills

    Short-term Treasury bills tokenized for on-chain access, offering the highest liquidity within the Treasury category.