Leading European tokenization enabler Tokeny will be working with London-based asset manager Fasanara Capital Ltd.
According to an email from Tokeny, Fasanara will be issuing the first tokenized money market fund called the Fasanara MMF Token (FAST). The digital security will be using the Polygon blockchain.
According to the company website, FAST predominantly invests in short-term, high-quality liquid assets to maximise liquidity and yields, looking to match US treasuries. The targeted return is posted as 4.7% with a high degree of liquidity.
Fasanara, related by the UK FCA, reportedly holds more than $4 billion in assets under management. It also managed $250 billion in crypto trading in 2024.
Fasanara explains that it manages Fintech strategies on behalf of pension funds and insurance companies and has a mandate from the European Investment Fund (EIF). Fasanara also works with global online lenders helping to originate debt in 60 different countries.
Fasanara is also working with well-known digital asset firms Fireblocks, Chainlink, Apex Group, and XBTO.
Fasanara MMF Token is said to offer an improved method to access money market investments with a process that is faster, more secure, and cost-effective.
Luc Falempin, CEO at Tokeny, said the tokenization market is reaching a new level of maturity, and they are thrilled to enable institutional-grade on-chain finance for this new ecosystem.
“With a token-centric approach, we ensure that tokens are interoperable on-chain with other applications, enforce all compliance rules in every transaction, and ensure, when necessary, that Fasanara and its fund administrator Apex Group have full control over FAST.‘’
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