Bank for International Settlements report: Tokenized money market funds surpass $9 billion in size.

A recent report from the Bank for International Settlements (BIS) indicates that total assets in tokenized money market funds have surged from $770 million at the end of 2023 to nearly $9 billion, becoming a key source of collateral in the crypto ecosystem. The institution warns that while such assets offer the "flexibility of stablecoins," they also bring substantial operational and liquidity risks.