DeFi Intel

BlackRock, Citi, 46 firms in tokenized MMF collateral trials with GDF and ISDA

Global Digital Finance (GDF) and ISDA have published a report concluding that tokenized money market funds (TMMFs) can work as institutional collateral in the United States under all three of the main tokenization models.

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The GDF-ISDA study, drawing 300-plus participants from over 120 firms, found tokenized money-market funds fit existing US rules except as variation margin for cleared derivatives, where cash-only requirements still bind.

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