Galaxy Digital plans to launch a tokenized money-market fund, adding a crypto twist to traditional offerings like BlackRock’s BUIDL and Franklin Templeton’s BENJI token. The fund will be available on Ethereum, Solana, and Stellar blockchains, with Anchorage Digital as the custodian. The goal is to provide instant liquidity through tokenization.

BlackRock’s BUIDL fund has a market cap of around $2.2 billion, now live on Solana after debuting on Ethereum. Galaxy Digital aims to innovate in the tokenized fund space, learning from existing offerings to enhance engagement and liquidity. The fund is expected to debut in the coming months, offering a new investment opportunity in the crypto market.

Read more at Yahoo Finance: Galaxy Digital Said to Plan Its Own Tokenized Money Market Fund