BlackRock Director Says Tokenized Money Funds Ease Collateral Transfers

Tokenized money market funds can be moved directly as collateral without redemption or a several-day wait for cash, making them more convenient than traditional products, BlackRock Digital Assets Director Nikhil Sharma said at Token2049.

The funds can be transferred as collateral without first being redeemed. That also avoids the delay involved in receiving cash after a redemption, Sharma said.