Galaxy Digital plans to launch a multi-chain tokenized money market fund

Jinse Finance reported that Galaxy Digital, the digital asset investment firm led by Mike Novogratz, is preparing to launch a tokenized money market fund, which will be rolled out on three major blockchains: Ethereum, Solana, and Stellar, and is expected to launch in the coming months. According to sources familiar with the matter, Anchorage Digital will serve as the fund’s custodian. With this move, Galaxy Digital aims to bring more crypto-native products to the market, complementing tokenized funds launched by traditional financial institutions such as BlackRock’s BUIDL (with a market value of approximately $2.2 billions) and Franklin Templeton’s BENJI. A Galaxy Digital representative declined to comment on the fund. The fund will focus on providing instant liquidity through tokenization technology and will draw on experience from existing products to optimize user participation.