UK Treasury publishes new report on fund tokenization | Headlines | News | CoinMarketCap
03/26/2024 23:13
The Technology Working Group of the UK's Treasury, the government's economic and finance ministry, has published a new report on the potential use …
The Technology Working Group of the UK's Treasury, the government's economic and finance ministry, has published a new report on the potential use cases of fund tokenization.
The report explored the use of tokens as collateral for money market funds and the role tokenized funds could play in the onchain investment market.
The report outlined how the UK funds industry can effectively leverage tokenization's potential for the asset management sector and detailed how firms operating within the UK can adopt a foundational tokenization model.
Furthermore, it explained various use cases demonstrating how this model could enhance firms' business operations, such as optimizing money market fund collateral management.
The UK Treasury's Technology Working Group
This is the second report …