BIS Raises Concerns About Hidden Risks in Rapidly Expanding Tokenized Money Market Funds

Tokenized money market funds are experiencing a significant surge in popularity, with assets soaring from $770 million to nearly $9 billion in just over two years. This rapid expansion has attracted major financial institutions like BlackRock and Franklin Templeton, who have seen their tokenized asset holdings reach over $2.5 billion with Blackrock’s BUIDL fund alone at the forefront. ]