Tokenized Money Market Funds Reach $9B Amid New Risks

Emerging as a significant investment opportunity on public blockchains, tokenized money market funds have witnessed substantial growth. A recent report by the Bank for International Settlements (BIS) highlights this surge, revealing that these blockchain-based assets now hold nearly $9 billion in assets, up from just $770 million at the end of 2023. However, the BIS has flagged concerns about the potential risks associated with their rapid growth.