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Fidelity International Tokenizes a Money Market Fund on JPMorgan’s Blockchain
“Tokenizing our money market fund shares for use as collateral is an important and natural first step in broadening our adoption of this technology,” said Stephen Whyman, head of debt capital markets at Fidelity International, in an email interview via email. “The benefits for our customers and for the financial system in general are clear; in particular, improving efficiency in meeting margin requirements and reducing transaction costs and operational risk.”