DBS Bank is exploring tokenization of bonds and money market funds

Odaily Planet Daily News According to reports, the US Financial Service giant, JPMorgan Chase, is exploring the tokenization of bonds and money market funds. Donna Milrod, Chief Product Officer of Dao Fu Bank, said the company is currently studying these two projects and working to establish tokenized collateral that can serve as trading margin for changes or initial margin. Currently, companies must sell their held money market funds to generate trading margin. By digitizing these funds and using encryption tokens as collateral, the redemption requirement can be completely eliminated. She also revealed that the company currently has no plans to launch stablecoins or tokenization deposits, but has not ruled out the possibility. Dao Bank has expanded its participation in the encryption field and established partnerships to strengthen its digital asset services. For example, it has collaborated with the Swiss encryption company Taurus to provide tangible asset tokenization services. Recently, Deutsche Bank appointed former New York Mellon Bank executive Vanessa Fernandes to lead its digital asset solutions department. (Financial News)