London-based investment manager Fasanara Capital Ltd. launched a tokenized money market fund on Tuesday, as more firms look to create yield-bearing alternatives to stablecoins.
The Fasanara MMF Token fund will invest primarily in short-dated US government securities, such as Treasury bills and notes, high-grade US dollar-denominated commercial paper and shares of US money market funds, Fasanara Chief Executive Officer Francesco Filia said in an interview.
