PhillipCapital has commenced institutional distribution to its network of professional and accredited investors, with retail investors gaining access through the POEMS platform in upcoming releases. The tMMF-USD will be also listed on Alta Exchange and made available to its member network which includes global and regional financial institutions. The exchange is a partner of PhillipCapital.
PhillipCapital has launched the tokenised Phillip USD Money Market Fund (tMMF-USD), a blockchain-based version of its existing Phillip USD Money Market Fund.
The tMMF-USD mirrors the underlying Phillip USD Money Market Fund and is developed in accordance with Singapore’s regulated framework. Investors receive tMMF-USD tokens representing fund units, with token creation, redemption, and on-chain net asset value (NAV) publication, providing real-time transparency through a public blockchain.
