Kaleido Platform
What are tokenized money market funds?
Tokenized money market funds are fund shares recorded on a distributed ledger that earn yield while serving as programmable on-chain collateral, moving between counterparties, or settling against other tokenized assets.
Traditional money market fund shares cannot be posted as collateral without manual custodian processes and T+1 settlement cycles, leaving yield idle while the position is locked. Tokenization removes that constraint, enabling yield-bearing collateral posting, same-day redemption, and programmatic fund lifecycle management.
Kaleido provides the full infrastructure stack for tokenized money market fund programs, covering fund share issuance, investor access controls, on-chain collateral workflows, and integration with existing fund administration infrastructure.
Tokenized money market funds vs traditional money market funds
| Feature | Tokenized money market funds | Traditional money market funds |
|---|---|---|
| Subscription / redemption | T+0 capable, same-day | T+1 standard |
| Collateral use | Programmable, on-chain posting and release | Manual custodian process, T+1 settlement |
| Yield while posted | Yes, shares continue earning yield when posted | No, collateral requires custody transfer |
| Transfer | On-chain, configurable transfer rules | Manual custodian instruction |
| Investor eligibility | Enforced on-chain at the transaction level | Managed off-chain by fund administrator |
| Audit and reporting | Real-time on-ledger audit trail | Fund administrator records, periodic reporting |
| Regulatory status | Same fund regulation, tokenization layer adds programmability | Established fund regulation |