Original sourcecryptobriefing.com
Summary
Schroders has received approval from the Central Bank of Ireland to launch SOAR (Schroders Onchain Active Returns), a tokenized share class of a US dollar money market fund. The fund is built on JP Morgan's Kinexys multi-chain asset tokenization platform, with smart contracts automating redemptions…
Key points
- Shows how traditional financial institutions can enter the on-chain space via regulated tokenized funds, improving operational efficiency.
- Schroders' approval represents progress for tokenized real-world assets in a regulated environment.
- Investors can access on-chain funds through traditional channels, enjoying faster settlement and automated processes.
Editorial note
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