DigiFT launches tokenised access to US Treasury money market fund
Licensed digital asset exchange DigiFT launched tokenised investments in a US Treasury money market fund to allow institutional web3 access to dollar yield assets
Singapore-based digital asset exchange DigiFT has launched tokenized access to a U.S. Treasury money market fund managed by Fidelity Investments. The listing enables institutional and accredited investors to gain on-chain access to interests in the fund. The fund's holdings, which consist of cash and short-dated U.S. Treasuries, comply with the reserve-asset criteria set by the United States for its payment stablecoin issuers under the GENIUS Act.
Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity Investments, stated that tokenization holds the potential to expand investment product access and introduce new forms of liquidity, collateral utility, and investment innovation through programmable infrastructure. DigiFT, licensed by the Monetary Authority of Singapore, holds regulatory licenses that support 42 token issuances to date, with over $435M in total subscriptions settled on its platform.
The company's focus now extends to developing new on-chain use cases for existing institutional-grade assets rather than treating each new listing as an endpoint.
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