“Tokenized money markets and treasuries have now surpassed $650 million in collective AUM, essentially acting as a low-risk yield-generating vehicle to park capital in a digital system. That’s all. As new opportunities open up, such as in the alternatives space, it’ll be more seamless to swap from on-chain money markets to on-chain private equity, for instance, than to swap from a traditional money market fund, wait for the fiat money transfer, and rotate into the PE product. That’s a very barebones sample, but it’s one that firms are actively developing end-to-end digital interfaces for.”
An interesting read on how the blockchain can be used to more easily switch between money markets and private equity via on-chain processes.