Galaxy Digital plans to launch multi-chain tokenized money market fund

According to ChainCatcher, according to CoinDesk, Galaxy Digital, a digital asset investment company led by Mike Novogratz, is preparing to launch a tokenized money market fund, which will be launched in three major blockchains, Ethereum, Solana and Stellar, and is expected to be launched in the next few months. According to people familiar with the matter, Anchorage Digital will serve as the custodian of the fund. Galaxy Digital's move aims to bring more crypto-native products to the market to complement the tokenized funds launched by traditional financial institutions such as BlackRock's BUIDL (a market capitalization of approximately US$2.2 billion) and Franklin Templeton's BENJI. A Galaxy Digital representative declined to comment on the fund. The fund will be committed to providing instant liquidity through tokenization technology, and to draw experience from existing products to optimize how users participate.