{"id":361562,"date":"2026-08-01T10:40:09","date_gmt":"2026-08-01T10:40:09","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/70-finance-giants-tested-tokenized-money-funds-stellar-hedera\/"},"modified":"2026-08-01T10:40:09","modified_gmt":"2026-08-01T10:40:09","slug":"70-finance-giants-tested-tokenized-money-funds-stellar-hedera","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=361562","title":{"rendered":"70 Finance Giants Tested Tokenized Money Funds \u2014 Stellar &#038; Hedera"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<section class=\"aic-ais aic-ais-style-dark-navy\" data-aic-source=\"manual\" data-aic-post=\"23136\" data-aic-reveal=\"1\" aria-labelledby=\"aic-ais-heading-23136\">\n<div class=\"aic-ais__inner\">\n<header class=\"aic-ais__head\"> <span class=\"aic-ais__badge\" aria-hidden=\"true\"> <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"aic-ais__sparkle\" width=\"14\" height=\"14\" viewbox=\"0 0 24 24\" fill=\"none\"> <path d=\"M12 2L13.5 8.5L20 10L13.5 11.5L12 18L10.5 11.5L4 10L10.5 8.5L12 2Z\" fill=\"currentColor\"\/> <path d=\"M19 15L19.7 17.3L22 18L19.7 18.7L19 21L18.3 18.7L16 18L18.3 17.3L19 15Z\" fill=\"currentColor\" opacity=\"0.7\"\/> <\/svg> AI <\/span><\/p>\n<h2 id=\"aic-ais-heading-23136\" class=\"aic-ais__title\">AI Summary<\/h2>\n<\/header>\n<ul class=\"aic-ais__list\">\n<li class=\"aic-ais__item\"><span class=\"aic-ais__bullet\" aria-hidden=\"true\"\/><span class=\"aic-ais__text\">Global Digital Finance (GDF) completed an 18-month industry sandbox with over 70 firms \u2014 including BlackRock, JPMorgan, Goldman Sachs, State Street, Franklin Templeton, Lloyds Banking Group, LSEG and Commerzbank \u2014 testing tokenized money market funds for use as collateral.<\/span><\/li>\n<li class=\"aic-ais__item\"><span class=\"aic-ais__bullet\" aria-hidden=\"true\"\/><span class=\"aic-ais__text\">Stellar and Hedera were named in the working DLT shortlist alongside Ethereum, Polygon and Canton, with the system interoperating with legacy rails like Swift and the FIX protocol.<\/span><\/li>\n<li class=\"aic-ais__item\"><span class=\"aic-ais__bullet\" aria-hidden=\"true\"\/><span class=\"aic-ais__text\">The sandbox ran 11 connection iterations, culminating in a live 10-minute repo between UBS and State Street collateralized by a tokenized money market fund.<\/span><\/li>\n<li class=\"aic-ais__item\"><span class=\"aic-ais__bullet\" aria-hidden=\"true\"\/><span class=\"aic-ais__text\">Tokenized money market funds are now production-ready in Europe and the UK, with the larger US market (around $2.2 trillion addressable) extending next.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">Most crypto coverage talks about institutional adoption in the abstract. <strong>Global Digital Finance (GDF)<\/strong> just published concrete results from one of the most ambitious industry sandboxes ever conducted in this space  and the participant list reads like a who\u2019s-who of global finance.<\/p>\n<p class=\"wp-block-paragraph\">Over <strong>70 firms<\/strong> participated in the GDF working group on tokenized money market funds. The sandbox completed an 18-month effort focused on collateral mobility in tokenized money market funds across Europe and the UK. The conclusion: tokenized money market funds in Europe and the UK are <strong>production-ready<\/strong>, and the work is now extending to the US market.<\/p>\n<p class=\"wp-block-paragraph\">Public distributed ledgers including <strong><a href=\"https:\/\/allincrypto.com\/category\/crypto-projects\/stellar\/\" title=\"Stellar\">Stellar<\/a>, <a href=\"https:\/\/allincrypto.com\/tag\/hedera\/\" title=\"hedera\">Hedera<\/a>, <a href=\"https:\/\/allincrypto.com\/category\/crypto-projects\/ethereum\/\" title=\"Ethereum\">Ethereum<\/a>, <a href=\"https:\/\/allincrypto.com\/tag\/polygon\/\" title=\"Polygon\">Polygon<\/a>, and the <a href=\"https:\/\/allincrypto.com\/canton-network-and-xrp-paths-to-institutional-adoption\/\" title=\"Canton Network and XRP: Paths to Institutional Adoption\">Canton network<\/a><\/strong> were tested directly in the sandbox alongside private permissioned environments. Money market funds are the backbone of short-term debt markets, and the GDF sandbox demonstrated that they can move on-chain at production grade with full institutional rigor.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"aic-yt-facade wp-embed-aspect-16-9 wp-has-aspect-ratio\" data-id=\"6JiSws5yqfA\" data-query=\"?feature=oembed\" role=\"button\" tabindex=\"0\" aria-label=\"99.9% Of People Have No Idea What's Coming For Hedera, Stellar Lumens, Chainlink And Quant Network!!\"> <img class=\"aic-yt-facade__thumb lazyload\" src=\"https:\/\/i.ytimg.com\/vi\/6JiSws5yqfA\/maxresdefault.jpg\" data-fallback=\"https:\/\/i.ytimg.com\/vi\/6JiSws5yqfA\/hqdefault.jpg\" alt=\"99.9% Of People Have No Idea What's Coming For Hedera, Stellar Lumens, Chainlink And Quant Network!!\" loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\"\/> <button class=\"aic-yt-facade__play\" type=\"button\" aria-label=\"Play video\"> <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"68\" height=\"48\" viewbox=\"0 0 68 48\" aria-hidden=\"true\"> <path class=\"aic-yt-facade__play-bg\" d=\"M66.52,7.74c-0.78-2.93-2.49-5.41-5.42-6.19C55.79,.13,34,0,34,0S12.21,.13,6.9,1.55 C3.97,2.33,2.27,4.81,1.48,7.74C.06,13.05,0,24,0,24s.06,10.95,1.48,16.26c.78,2.93,2.49,5.41,5.42,6.19 C12.21,47.87,34,48,34,48s21.79-.13,27.1-1.55c2.93-.78,4.64-3.26,5.42-6.19C67.94,34.95,68,24,68,24S67.94,13.05,66.52,7.74z\" fill=\"#212121\" fill-opacity=\"0.8\"\/> <path d=\"M 45,24 27,14 27,34\" fill=\"#fff\"\/> <\/svg> <\/button><\/p>\n<p>99.9% Of People Have No Idea What&#8217;s Coming For Hedera, Stellar Lumens, Chainlink And Quant Network!!<\/p>\n<\/div>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">Who was actually in the sandbox<\/h2>\n<p class=\"wp-block-paragraph\">The working group spanned asset management, banking, market infrastructure, custody, legal, technology, and ratings. Named participants drawn from the GDF release include:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Asset managers:<\/strong> BlackRock, State Street, Franklin Templeton, Federated Hermes, Goldman Sachs Asset Management, Apex Group, Northern Trust<\/li>\n<li><strong>Banks:<\/strong> JPMorgan, Lloyds Banking Group, Commerzbank, UBS<\/li>\n<li><strong>Market infrastructure:<\/strong> London Stock Exchange Group (LSEG), R3 (led by CEO Richard Brown), Archax<\/li>\n<li><strong>Rating &amp; pricing:<\/strong> S&amp;P, Particula (token rating provider), Kaiko (pricing data)<\/li>\n<li><strong>Custody, technology &amp; legal:<\/strong> Fireblocks, Finastra, ISDA, O\u2019Connor, Hogan Lovells, Ernst &amp; Young<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">That is not a marketing roster. That is the actual operational stack of European and UK institutional finance, sitting down for 18 months to figure out how to make tokenized money market funds work as collateral.<\/p>\n<h2 class=\"wp-block-heading\">What the sandbox actually demonstrated<\/h2>\n<p class=\"wp-block-paragraph\">From the post-sandbox briefing, the working group described an unconventional starting move \u2014 going to the <strong>receiving banks<\/strong> first (not the asset managers issuing the funds) and asking them what would need to be true for a tokenized money market fund to actually be accepted as collateral.<\/p>\n<p class=\"wp-block-paragraph\">That generated a specific eligibility framework. Key requirements identified included:<\/p>\n<ul class=\"wp-block-list\">\n<li>The fund must not be structured as a derivative<\/li>\n<li>It must not introduce counterparty risk<\/li>\n<li>It needs price transparency<\/li>\n<li>The underlying instrument <em>and<\/em> the token itself need AAA ratings (which is why <strong>Particula<\/strong> was brought in to provide token-level ratings, and <strong>Kaiko<\/strong> supplied pricing data)<\/li>\n<li>It needs to connect to existing collateral management systems \u2014 not replace them<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">That last point is what made the sandbox commercially credible. The working group explicitly framed it as integration with existing infrastructure rather than rip-and-replace:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cIn this new brave tokenization landscape, we\u2019re not going to rip up existing infrastructure. Since 2007, so much work has been done in terms of optimizing collateral management solutions, creating infrastructure to facilitate cheapest-to-deliver. We\u2019re not going to rip that up and start again. We\u2019re going to link into legacy systems.\u201d<\/p>\n<\/blockquote>\n<p class=\"wp-block-paragraph\">That meant connections to <strong>Swift<\/strong>, the <strong>FIX protocol<\/strong>, and existing collateral management platforms. Tokens used in the sandbox lived in production-ready environments that already speak to the rails institutions use every day.<\/p>\n<h2 class=\"wp-block-heading\">The DLT shortlist that worked<\/h2>\n<p class=\"wp-block-paragraph\">The sandbox demonstrated cross-platform, cross-asset interoperability across multiple distributed ledger architectures. Per the briefing:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cWe were able to show a connection to all DLTs. So whether it\u2019s Ethereum, Canton private networks, Stellar, Polygon, Hedera, just to name a few \u2014 in a real sort of cross-asset platform interoperability.\u201d<\/p>\n<\/blockquote>\n<p class=\"wp-block-paragraph\">Three observations on that list:<\/p>\n<p class=\"wp-block-paragraph\"><strong>1. Stellar and Hedera are publicly named alongside Ethereum.<\/strong> In an institutional sandbox built around AAA-rated tokenized money market funds being accepted as collateral by major banks, both Stellar and Hedera made the production-grade DLT shortlist. That is not a marketing slot. That is a working architecture conclusion. It also isn\u2019t either chain\u2019s first money market fund rodeo \u2014 <a href=\"https:\/\/allincrypto.com\/breaking-news-blackrocks-money-market-fund-tokenization-on-hedera-hbar\/\">BlackRock\u2019s earlier money market fund tokenization work touched Hedera<\/a>, and the <a href=\"https:\/\/allincrypto.com\/archax-money-market-fund-to-ripple-xrp-ledger\/\">Archax RWA money market fund launched on the XRP Ledger<\/a> with related infrastructure players.<\/p>\n<p class=\"wp-block-paragraph\"><strong>2. Canton represents private permissioned settlement.<\/strong> Canton is Digital Asset\u2019s privacy-focused settlement network, widely used by traditional finance for confidential institutional transactions. Its inclusion alongside public chains shows the sandbox tested true hybrid architectures \u2014 exactly the model that <a href=\"https:\/\/allincrypto.com\/citi-projects-5-5-trillion-tokenization-market-by-2030-names-stellar-ripple-and-chainlink\/\">Citi Institute\u2019s Tokenization 2030 report describes as the near-term dominant pattern<\/a>.<\/p>\n<p class=\"wp-block-paragraph\"><strong>3. Polygon was tested as part of the public chain set.<\/strong> Polygon has been the EVM-compatible Layer 2 of choice for institutional tokenization pilots from BlackRock\u2019s BUIDL to Franklin Templeton\u2019s expansion.<\/p>\n<h2 class=\"wp-block-heading\">Stress-tested across 11 connection iterations<\/h2>\n<p class=\"wp-block-paragraph\">This wasn\u2019t a single-flow demo. The sandbox ran progressively complex scenarios across multiple weeks, reaching <strong>11 different connection iterations<\/strong> by the final week. From the briefing on what the final iteration looked like:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cWe moved assets from our fake hedge fund to Commerzbank, to UBS, and UBS then entered into a 10-minute repo with State Street against Finity cash and Elset cash.\u201d<\/p>\n<\/blockquote>\n<p class=\"wp-block-paragraph\">That\u2019s a tokenized money market fund being used as collateral in a <strong>10-minute repo trade between UBS and State Street<\/strong>. Real entities, real settlement workflows, real collateral mobility \u2014 just compressed onto on-chain rails. The reaction in the briefing was straightforward:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cThis is incredible. This is game-changing. This is going to transform the way we look at liquidity managed in the new T+1 world.\u201d<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\">Why money market funds matter for the broader system<\/h2>\n<p class=\"wp-block-paragraph\">Money market funds are not a niche corner of finance. They are short-term debt-funded instruments \u2014 predominantly composed of government debt \u2014 that sit at the heart of how institutional cash gets parked, how repo collateral gets pledged, and how bank balance sheets get optimized. Tokenizing them isn\u2019t just a technology project. It\u2019s an attempt to address structural fragility in how cash and government debt move through the system.<\/p>\n<p class=\"wp-block-paragraph\">The market sizes the GDF briefing cited:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>UK money market funds:<\/strong> approximately \u00a33 billion equivalent<\/li>\n<li><strong>EU money market funds:<\/strong> $1.2 to $1.7 trillion<\/li>\n<li><strong>US money market funds:<\/strong> approximately $2.2 trillion of immediate scope for the next phase, with the broader US MMF market materially larger<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">The implication: as Europe, the UK, and the US converge on tokenized money market fund infrastructure that can plug into existing collateral management and Swift\/FIX rails, several trillion dollars of short-term debt-backed liquidity becomes mobilizable on public distributed ledgers. That has macroeconomic implications beyond crypto  particularly given current debt market dynamics where yields have been rising and the cost of carrying duration has been climbing.<\/p>\n<p class=\"wp-block-paragraph\">Tokenized money market funds aren\u2019t going to fix sovereign debt dynamics. But they can demonstrably improve collateral velocity, reduce settlement friction, and unlock liquidity in ways the current rails physically can\u2019t. That\u2019s why every major asset manager, custodian, and global bank in this group spent 18 months on it.<\/p>\n<h2 class=\"wp-block-heading\">What this means for the chains named<\/h2>\n<p class=\"wp-block-paragraph\">Three takeaways for crypto investors, framed honestly:<\/p>\n<p class=\"wp-block-paragraph\"><strong>1. The institutional shortlist for regulated tokenization is converging.<\/strong> Look across the recent announcements \u2014 <a href=\"https:\/\/allincrypto.com\/dtcc-just-picked-stellar-to-bring-114-trillion-in-us-assets-on-chain\/\">DTCC connecting to Stellar<\/a>, <a href=\"https:\/\/allincrypto.com\/australia-central-bank-just-made-hedera-critical-to-its-cbdc-future\/\">Hedera in Project Acacia<\/a>, <a href=\"https:\/\/allincrypto.com\/the-worlds-first-fully-digital-bank-just-tokenized-us-deposits-on-algorand\/\">VersaBank tokenizing US deposits on Algorand, Ethereum, and Stellar<\/a>, <a href=\"https:\/\/allincrypto.com\/citi-projects-5-5-trillion-tokenization-market-by-2030-names-stellar-ripple-and-chainlink\/\">Citi\u2019s Tokenization 2030 report naming Stellar, Ripple, and Chainlink<\/a>, and now the GDF sandbox demonstrating production-ready interoperability across Stellar, Hedera, Ethereum, Polygon, and Canton. The same chains keep being selected, by different institutions, for different use cases, for technically-stated reasons. That\u2019s a pattern, not a coincidence.<\/p>\n<p class=\"wp-block-paragraph\"><strong>2. Interoperability is now table stakes.<\/strong> The GDF briefing made this explicit: \u201cWe were able to show a connection to all DLTs.\u201d That means the chains that will capture the most institutional value over the next several years are the ones that interoperate well with both the broader DLT ecosystem AND legacy financial rails. Cross-chain standards become more strategically important as cross-chain settlement becomes the production requirement.<\/p>\n<p class=\"wp-block-paragraph\"><strong>3. Production-ready in Europe and the UK means the US is the next domino.<\/strong> The briefing was explicit that the US is now ready to engage, and the next phase of work is extending the sandbox methodology to American money market funds. Given that the US MMF market is materially larger than the EU and UK combined, the next 12\u201318 months should see materially larger institutional dollar amounts flowing through the same tokenization infrastructure being validated now.<\/p>\n<h2 class=\"wp-block-heading\">Bigger picture<\/h2>\n<p class=\"wp-block-paragraph\">The pattern across the last 60 days of institutional tokenization announcements is now unmistakable:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>RBA\u2019s Project Acacia<\/strong> (Australia) \u2014 Hedera, XRP Ledger, Stellar, Ethereum tested for wholesale CBDC and tokenized asset settlement<\/li>\n<li><strong>DTCC tokenization service<\/strong> \u2014 connecting to Stellar for $114 trillion+ worth of custodied US securities, with H1 2027 availability<\/li>\n<li><strong>VersaBank USDVB pilot<\/strong> \u2014 bank-issued tokenized deposits on Algorand, Ethereum, Stellar (SEC-filed)<\/li>\n<li><strong>Citi Institute\u2019s Tokenization 2030 report<\/strong> \u2014 $5.5T base case projection by 2030, with Stellar, Ripple, and Chainlink explicitly named<\/li>\n<li><strong>GDF tokenized money market fund sandbox<\/strong> \u2014 70+ firms, production-ready in EU\/UK, US extending next, Stellar and Hedera among DLTs used<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">Each announcement on its own is incremental. Read together, they are evidence of a phase change. Regulated finance is moving real workloads \u2014 settlement, collateral, deposits, money market funds, sovereign bonds \u2014 onto public distributed ledgers. The shortlist of chains chosen for compliance-grade enterprise work has narrowed, and the same names keep recurring.<\/p>\n<p class=\"wp-block-paragraph\">If you\u2019ve been watching the space waiting for \u201cthe moment\u201d institutional adoption became real, you\u2019re already late. The work is happening now. The GDF sandbox just put a production-grade flag on it.<\/p>\n<h3 class=\"wp-block-heading\">Sources<\/h3>\n<ul class=\"wp-block-list\">\n<li>Global Digital Finance (GDF) \u2014 <a href=\"https:\/\/www.gdf.io\/wp-content\/uploads\/2025\/10\/GDF-TMMF-Report-EUUK-Press-Release.pdf\" target=\"_blank\" rel=\"noopener\">official press release: Tokenised Money Market Funds report (EU\/UK)<\/a>, on collateral mobility in tokenized money market funds<\/li>\n<li>GDF working group post-sandbox briefing with participating institutions<\/li>\n<li>Working group members named in this article are drawn directly from the GDF participant list<\/li>\n<li>Particula \u2014 institutional token rating methodology<\/li>\n<li>Kaiko \u2014 institutional pricing data<\/li>\n<\/ul>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>AI AI Summary Global Digital Finance (GDF) completed an 18-month industry sandbox with over 70 firms \u2014 including BlackRock, JPMorgan, Goldman Sachs, State Street, Franklin Templeton, Lloyds Banking Group, LSEG and Commerzbank \u2014 testing tokenized money market funds for use as collateral. Stellar and Hedera were named in the working DLT shortlist alongside Ethereum, Polygon [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":361563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[182844,163031,182845,182846,182847,98050,182841,97504,182848,182849,182850,182851,182852,158483,182853,182842,182854,145227,182855,182856,182857,182858,182859,182860,182861,182862,136049,182863,182843,163900,107002,182864,182865],"tags":[10924,11257,25973,182866,832,17958,9893,35132],"dealstore":[],"offerexpiration":[],"class_list":["post-361562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archax","category-blackrock","category-canton","category-collateral-mobility","category-commerzbank","category-crypto-news","category-crypto-projects","category-ethereum","category-fireblocks","category-franklin-templeton","category-gdf","category-global-digital-finance","category-goldman-sachs","category-hbar","category-hedera","category-hedera-hashgraph","category-institutional-crypto","category-jpmorgan","category-kaiko","category-lloyds-banking-group","category-lseg","category-mmf","category-northern-trust","category-particula","category-polygon","category-r3","category-rwa","category-state-street","category-stellar","category-swift","category-tokenization","category-tokenized-money-market-funds","category-xlm","tag-finance","tag-funds","tag-giants","tag-hedera","tag-money","tag-stellar","tag-tested","tag-tokenized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>70 Finance Giants Tested Tokenized Money Funds \u2014 Stellar &amp; Hedera - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=361562\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"70 Finance Giants Tested Tokenized Money Funds \u2014 Stellar &amp; Hedera - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"AI AI Summary Global Digital Finance (GDF) completed an 18-month industry sandbox with over 70 firms \u2014 including BlackRock, JPMorgan, Goldman Sachs, State Street, Franklin Templeton, Lloyds Banking Group, LSEG and Commerzbank \u2014 testing tokenized money market funds for use as collateral. Stellar and Hedera were named in the working DLT shortlist alongside Ethereum, Polygon [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fivemor.com\/?p=361562\" \/>\n<meta property=\"og:site_name\" content=\"Som2ny Network\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-01T10:40:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/08\/Global-Digital-Finance-GDF-completed-an-18-month-industry-sandbox-with-over-70-firms-crypto.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1519\" \/>\n\t<meta property=\"og:image:height\" content=\"855\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/fivemor.com\/?p=361562#article\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/?p=361562\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\"},\"headline\":\"70 Finance Giants Tested Tokenized Money Funds \u2014 Stellar &#038; Hedera\",\"datePublished\":\"2026-08-01T10:40:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=361562\"},\"wordCount\":1699,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=361562#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/08\/Global-Digital-Finance-GDF-completed-an-18-month-industry-sandbox-with-over-70-firms-crypto.jpg\",\"keywords\":[\"Finance\",\"Funds\",\"giants\",\"Hedera\",\"Money\",\"Stellar\",\"Tested\",\"Tokenized\"],\"articleSection\":[\"archax\",\"BlackRock\",\"canton\",\"collateral mobility\",\"Commerzbank\",\"Crypto News\",\"Crypto Projects\",\"Ethereum\",\"Fireblocks\",\"Franklin Templeton\",\"GDF\",\"Global Digital Finance\",\"Goldman Sachs\",\"hbar\",\"hedera\",\"Hedera Hashgraph\",\"institutional crypto\",\"JPMorgan\",\"Kaiko\",\"Lloyds Banking Group\",\"LSEG\",\"MMF\",\"Northern Trust\",\"Particula\",\"Polygon\",\"R3\",\"RWA\",\"State Street\",\"Stellar\",\"SWIFT\",\"Tokenization\",\"tokenized money market funds\",\"XLM\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fivemor.com\/?p=361562#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fivemor.com\/?p=361562\",\"url\":\"https:\/\/fivemor.com\/?p=361562\",\"name\":\"70 Finance Giants Tested Tokenized Money Funds \u2014 Stellar & Hedera - Som2ny Network\",\"isPartOf\":{\"@id\":\"https:\/\/fivemor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/fivemor.com\/?p=361562#primaryimage\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/?p=361562#primaryimage\"},\"thumbnailUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/08\/Global-Digital-Finance-GDF-completed-an-18-month-industry-sandbox-with-over-70-firms-crypto.jpg\",\"datePublished\":\"2026-08-01T10:40:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/fivemor.com\/?p=361562#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fivemor.com\/?p=361562\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/?p=361562#primaryimage\",\"url\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/08\/Global-Digital-Finance-GDF-completed-an-18-month-industry-sandbox-with-over-70-firms-crypto.jpg\",\"contentUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/08\/Global-Digital-Finance-GDF-completed-an-18-month-industry-sandbox-with-over-70-firms-crypto.jpg\",\"width\":1519,\"height\":855},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fivemor.com\/?p=361562#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/fivemor.com\/?bp_activities=1\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"70 Finance Giants Tested Tokenized Money Funds \u2014 Stellar &#038; Hedera\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/fivemor.com\/#website\",\"url\":\"https:\/\/fivemor.com\/\",\"name\":\"Som2ny Network\",\"description\":\"Daily Deals\",\"publisher\":{\"@id\":\"https:\/\/fivemor.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/fivemor.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/fivemor.com\/#organization\",\"name\":\"Som2ny Network\",\"url\":\"https:\/\/fivemor.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png\",\"contentUrl\":\"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png\",\"width\":300,\"height\":86,\"caption\":\"Som2ny Network\"},\"image\":{\"@id\":\"https:\/\/fivemor.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/fivemor.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/fivemor.com\"],\"url\":\"https:\/\/fivemor.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"70 Finance Giants Tested Tokenized Money Funds \u2014 Stellar & Hedera - Som2ny Network","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fivemor.com\/?p=361562","og_locale":"en_US","og_type":"article","og_title":"70 Finance Giants Tested Tokenized Money Funds \u2014 Stellar & Hedera - Som2ny Network","og_description":"AI AI Summary Global Digital Finance (GDF) completed an 18-month industry sandbox with over 70 firms \u2014 including BlackRock, JPMorgan, Goldman Sachs, State Street, Franklin Templeton, Lloyds Banking Group, LSEG and Commerzbank \u2014 testing tokenized money market funds for use as collateral. Stellar and Hedera were named in the working DLT shortlist alongside Ethereum, Polygon [&hellip;]","og_url":"https:\/\/fivemor.com\/?p=361562","og_site_name":"Som2ny Network","article_published_time":"2026-08-01T10:40:09+00:00","og_image":[{"width":1519,"height":855,"url":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/08\/Global-Digital-Finance-GDF-completed-an-18-month-industry-sandbox-with-over-70-firms-crypto.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fivemor.com\/?p=361562#article","isPartOf":{"@id":"https:\/\/fivemor.com\/?p=361562"},"author":{"name":"admin","@id":"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371"},"headline":"70 Finance Giants Tested Tokenized Money Funds \u2014 Stellar &#038; Hedera","datePublished":"2026-08-01T10:40:09+00:00","mainEntityOfPage":{"@id":"https:\/\/fivemor.com\/?p=361562"},"wordCount":1699,"commentCount":0,"publisher":{"@id":"https:\/\/fivemor.com\/#organization"},"image":{"@id":"https:\/\/fivemor.com\/?p=361562#primaryimage"},"thumbnailUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/08\/Global-Digital-Finance-GDF-completed-an-18-month-industry-sandbox-with-over-70-firms-crypto.jpg","keywords":["Finance","Funds","giants","Hedera","Money","Stellar","Tested","Tokenized"],"articleSection":["archax","BlackRock","canton","collateral mobility","Commerzbank","Crypto News","Crypto Projects","Ethereum","Fireblocks","Franklin Templeton","GDF","Global Digital Finance","Goldman Sachs","hbar","hedera","Hedera Hashgraph","institutional crypto","JPMorgan","Kaiko","Lloyds Banking Group","LSEG","MMF","Northern Trust","Particula","Polygon","R3","RWA","State Street","Stellar","SWIFT","Tokenization","tokenized money market funds","XLM"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fivemor.com\/?p=361562#respond"]}]},{"@type":"WebPage","@id":"https:\/\/fivemor.com\/?p=361562","url":"https:\/\/fivemor.com\/?p=361562","name":"70 Finance Giants Tested Tokenized Money Funds \u2014 Stellar & Hedera - Som2ny Network","isPartOf":{"@id":"https:\/\/fivemor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fivemor.com\/?p=361562#primaryimage"},"image":{"@id":"https:\/\/fivemor.com\/?p=361562#primaryimage"},"thumbnailUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/08\/Global-Digital-Finance-GDF-completed-an-18-month-industry-sandbox-with-over-70-firms-crypto.jpg","datePublished":"2026-08-01T10:40:09+00:00","breadcrumb":{"@id":"https:\/\/fivemor.com\/?p=361562#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fivemor.com\/?p=361562"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/?p=361562#primaryimage","url":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/08\/Global-Digital-Finance-GDF-completed-an-18-month-industry-sandbox-with-over-70-firms-crypto.jpg","contentUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/08\/Global-Digital-Finance-GDF-completed-an-18-month-industry-sandbox-with-over-70-firms-crypto.jpg","width":1519,"height":855},{"@type":"BreadcrumbList","@id":"https:\/\/fivemor.com\/?p=361562#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fivemor.com\/?bp_activities=1"},{"@type":"ListItem","position":2,"name":"70 Finance Giants Tested Tokenized Money Funds \u2014 Stellar &#038; Hedera"}]},{"@type":"WebSite","@id":"https:\/\/fivemor.com\/#website","url":"https:\/\/fivemor.com\/","name":"Som2ny Network","description":"Daily Deals","publisher":{"@id":"https:\/\/fivemor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fivemor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fivemor.com\/#organization","name":"Som2ny Network","url":"https:\/\/fivemor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/#\/schema\/logo\/image\/","url":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png","contentUrl":"https:\/\/fivemor.com\/wp-content\/uploads\/2026\/07\/4a0953c4-logo-300x86-1.png","width":300,"height":86,"caption":"Som2ny Network"},"image":{"@id":"https:\/\/fivemor.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fivemor.com\/#\/schema\/person\/b85e3c3dc0e1daea076524dc8810c371","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fivemor.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/729ae85bf62b9917e93538db2f2688ca?s=96&r=g&default=https%3A%2F%2Ffivemor.com%2Fwp-content%2Fplugins%2Fbuddypress-first-letter-avatar%2Fimages%2Fdefault%2F96%2Flatin_a.png","caption":"admin"},"sameAs":["https:\/\/fivemor.com"],"url":"https:\/\/fivemor.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts\/361562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=361562"}],"version-history":[{"count":0,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/posts\/361562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=\/wp\/v2\/media\/361563"}],"wp:attachment":[{"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=361562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=361562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=361562"},{"taxonomy":"dealstore","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fdealstore&post=361562"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/fivemor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fofferexpiration&post=361562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}