BlackRock digital assets head Nikhil Sharma said at Token2049 that tokenized money market funds can be transferred directly as collateral, removing the need to redeem them first for cash. He said the process does not require waiting several days to access cash before the assets can be used. The remark points to a use case in which tokenized money market funds function more immediately in collateral movements rather than going through a traditional redemption cycle first. The statement was reported by Odaily.
BlackRock digital assets head Nikhil Sharma said at Token2049 that tokenized money market funds can be transferred directly as collateral, without first being redeemed and without waiting several days to obtain cash.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
