China Asset Management, the largest asset manager in Asia, has launched a tokenized money market fund worth $107 million on the Ethereum blockchain. Ethereum was chosen due to its capabilities for decentralized finance (DeFi), ensuring the efficiency, security, and transparency of the fund’s operations. This move allows investors to buy and trade shares of the digital fund without intermediaries, speeding up transactions and reducing costs. It also highlights the growing interest of institutional investors in cryptocurrency financial products.
3/4/2025 7:20:22 AM (GMT+1)
China Asset Management launches a tokenized money market fund on Ethereum worth $107 million, providing new opportunities for cryptocurrency investors
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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