Tradias, the fintech technology arm of Bankhaus Scheich, has tokenized a money market fund, the Allianz Securicash SRI Fund. A Dutch crypto trading platform has invested in the token as part of its treasury management. Like other tokenized money market funds, the issuance amount will grow over time based on demand. The initial amount was not disclosed.
Bankhaus Scheich is one of the leading market makers on the Frankfurt Stock Exchange, so the issuances use its existing regulatory licenses.
In this case the benefits touted are the ability to trade the token 24/7 and the cost structure. But given it’s currently a one-off token, the question is with whom can it be traded? In the same way that Tradias provides an API and user interface for trading Bitcoin or ETH, it also provides a price for the tokenized money market fund. Additionally, it plans to make the token available via other platforms.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
