Lates News

Laide Majiyagbe, Head of Global Liquidity, Financing and Collateral Management at New York Mellon Bank, said, "We have created the ability for clients to invest in tokenized money market fund shares across multiple fund companies. Tokenization is crucial as it allows for seamless and efficient transactions, eliminating the friction of traditional markets." Since the Federal Reserve began its rate hike cycle in 2022, institutional and retail investors have injected approximately $2.5 trillion into this asset class.