Moreliquid, a leading digital securities investment platform, has recently joined forces with Tokeny in a step aimed at enhancing access to low-risk yields from Euro Money Markets. This collaboration has led to the creation of the Moreliquid Money Market EUR (MMMEUR) token, which tokenizes the HSBC Euro Liquidity Fund.
Modelled after the HSBC Euro Liquidity Fund, the MMMEUR token is structured to offer qualified investors exposure to a diverse portfolio of short-term securities, meticulously chosen to meet strict criteria for maturity, issuer reputation, market listing, and credit ratings in accordance with regulatory requirements.
Luc Falempin, CEO of Tokeny states: “Money market funds are currently in high demand from the buy-side, especially on the blockchain. We are thrilled to collaborate with our strategic partner Moreliquid and its experienced team, spearheading the journey to enhance liquidity and accessibility in this market.”
The MMMEUR token is available in cryptocurrency wallets. It was developed in collaboration with Tokeny, and adheres to the ERC3643 standard for issuance, ensuring seamless compliance with blockchain-based securities regulations. To further support security and compliance, Copper and Dfns have been selected as the wallet management solution and infrastructure for the MMMEUR token. Copper’s expertise in digital asset protection provides investors with assurance regarding this token.
Announced in Luxembourg, this initiative represents a significant milestone in the integration of traditional financial instruments with blockchain technology. Clement Daudy, CEO of Moreliquid states: “Thanks to the regulatory clarity in Europe on the tokenization of financial assets, asset managers are increasingly turning to digital finance to reduce their costs and access a wider investor base.”
One of the key features of the MMMEUR token is its versatility. Moreliquid allows the token to be managed, transferred, or utilized as collateral for loans, thereby enhancing its functionality and providing investors with increased liquidity, versatility, and security in their investments.
The MMMEUR token, which was launched on the Polygon network, imposes a minimum investment threshold of €100,000 and mandates that investors be residents of the European Economic Area (EEA).
The partnership between Moreliquid and Tokeny to tokenize the HSBC Euro Liquidity Fund represents a significant advancement in digital securities and blockchain-based finance, with Luxembourg propelling this advancement, and paving the way for future collaborations.
