First UCITS Money-Market Fund Tokenised on Public Blockchain

Posted by Adrienn Sarkany 6 months Ago

CACEIS has enabled the first tokenized French UCITS money-market fund on Ethereum’s public blockchain, marking a significant innovation in Europe’s financial landscape. This milestone was achieved in collaboration with Spiko, a French fintech specializing in blockchain fund unit tokenization, and Twenty First Capital, manager of the Spiko SICAV fund.

The initiative allows clients to subscribe to money-market fund units natively issued and delivered on the blockchain, using secure wallets provided by CACEIS. As custodian, CACEIS ensures the security of these tokenized assets. This marks a turning point for fund distribution and custody in Europe, creating a framework for regulated, secure tokenized financial instruments.

Future plans include integrating stablecoins and tokenized deposits for subscription payments and redemptions, with potential long-term use of central bank digital currencies. This innovation is seen as a key step in the evolution of digital asset investment in Europe.

Source: marketsmedia.com

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Adrienn Sarkany
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Hello there! I'm a 21-year-old university student majoring in Finnish and Korean Language and Literature. I have a deep passion for art and a profound connection to the natural world. My journey through life has been a colorful one, driven by my love for creativity, music, and the wonders of the great outdoors. As a dedicated student, I've already earned a degree in Classic Cantos, a testament to my appreciation for the timeless beauty of classical music. Beyond the classroom, my artistic spirit thrives through my love for painting and drawing. These creative outlets allow me to express my thoughts and emotions, transforming blank canvases into vibrant stories. My interests go far beyond music and art. Singing, playing the piano, and exploring new melodies are integral parts of my life, providing me with both solace and exhilaration. When I'm not immersed in the world of art and music, I find solace in nature's embrace. My heart is drawn to animals and the serene beauty of the natural world, fueling my desire to protect and preserve our precious environment.