Luxembourg-based Tokeny has revealed a partnership with Moreliquid to tokenize the HSBC Euro Liquidity Fund.
Moreliquid is a digital securities investment platform. Tokeny is a tokenization platform that enables issuers and other firms to enable digital securities.
The Moreliquid Money Market EUR (MMMEUR) aims to provide professional investors with access to risk-free yields from Euro Money Markets by tokenizing the HSBC Euro Liquidity Fund. Qualified professional investors may subscribe to Moreliquid’s money market token in fiat or cryptocurrencies.
The two companies describe the partnership as a major advancement in integrating traditional assets with blockchain tech.
The MMMEUR is regulated in Luxembourg and generates monthly coupon payments for income. The vehicle is available to institutions and sophisticated investors. The MMMEUR digital asset is designed to give investors exposure to a diverse portfolio of short-term securities.
The MMMEUR is issued on the Polygon network and has a minimum investment at €100,000.
Utilizing the open-source ERC3643 standard for its issuance, the MMMEUR token is available for purchase directly through crypto wallets.
The companies recognize the regulatory clarity that exists in Europe that enables the digital asset which reduces cost and can add features.
“At moreliquid, we fulfil asset managers’ demand for off-the-shelf tokenization solutions combined with origination, credit analysis, structuring, and distribution expertise. Together with Tokeny’s best-of-breed technology, we deliver compliant and secure digital finance solutions structured in the globally trusted financial jurisdiction of Luxembourg,” says Clement Daudy, CEO of Moreliquid
Luc Falempin, CEO of Tokeny, says that money market funds on the blockchain are in high demand. They foresee a significant influx of digital assets expanding the market while unveiling exciting use cases of tokenized assets for the financial sector.
Clarisse Hagège, CEO of Dfns, says their digital wallet solution will improve bu 10X the user experience and security.
“Together, we are making blockchain technology accessible and practical for mainstream finance and asset management, eliminating the initial hurdles associated with digital assets. Previously, investors faced the risky task of managing their private keys with limited support for key recovery, insurance, or other essential services. Now, thanks to this collaboration, moreliquid is equipped to offer a secure, compliant environment where wallets and transactions are not only controlled and monitored but also fortified cryptographically against a range of threats and mistakes.”
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