The biggest industry sandbox ever run in digital assets just published its results: tokenized collateral works. ISDA and Global Digital Finance released "Unlocking Capital with U.S. Tokenized Money Market Funds for Collateral Mobility" today. 400+ participants. 120+ firms. 48 firms in the live sandbox, powered by Ownera. BlackRock, Fidelity International, J.P. Morgan, State Street, CME Group, Citi, Northern Trust, Swift, etc., the full weight of institutional finance, testing tokenized MMFs as collateral in production conditions. Kaiko is a core contributor, providing the data and risk infrastructure layer. Accurate, real-time, institutional-grade pricing data is not optional in collateral workflows: it is the foundation. You cannot move $1.6 trillion in non-cleared margin efficiently without knowing, at every moment, what the collateral is worth. Kaiko is a standing member of Global Digital Finance, ISDA, and the Canton Network's Collateral Committee alongside The Depository Trust & Clearing Corporation (DTCC), DRW, Tradeweb, and Euroclear. Congratulations to my colleague Philippe Redaelli, to Amy Caruso, Lawrence Wintermeyer, the ISDA and GDF teams, and everyone at Ownera, particularly Ami Ben-David and Natasha Benson for turning the largest digital assets sandbox into a production roadmap!
- A large industry sandbox involving over 400 participants, including major financial institutions, has concluded that tokenized collateral, specifically U.S. Tokenized Money Market Funds, is effective for collateral mobility.
- The sandbox, powered by Ownera, tested tokenized MMFs under production conditions, with Kaiko providing essential data and risk infrastructure for accurate real-time valuation.
- The results indicate a successful roadmap for integrating tokenized assets into collateral workflows, highlighting the potential to efficiently manage significant volumes of non-cleared margin.
Topics: Institutional adoption, Scalability, Infrastructure providers, Asset manager initiatives, Market depth liquidity, Tokenization platforms
Tags: #tokenizedcollateral #moneymarketfunds #sandboxresults #institutionalfinance #collateralmobility #ownera #kaiko #isda #globaldigitalfinance
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