While Tokenized Money Market Funds (TMMFs) offer a clear value proposition, global adoption remains caught between transformative technology and entrenched traditional incentives. This high-level panel features leaders from Franklin Templeton, GDF, Spiko, and Ownera to dissect why the buy-side has yet to fully bite and how to dismantle the regulatory and structural walls, such as the UCITS Wall and the prospectus problem, currently hindering scale. The discussion moves beyond the surface to tackle the critical liquidity mismatch of offering 24/7 digital redemptions backed by T+1 settled Treasuries. Participants will debate the soundness of liquidity buffers and the risks of token-washing where credit-linked structures masquerade as stable money market instruments. By exploring the success of the French Digital Lab approach and the UK’s emerging Digital Securities Sandbox, the panel provides a roadmap for turning TMMFs into the primary margin asset for global repo desks. Ultimately, this session explores a fundamental shift: moving from lazy stablecoins to productive yield-bearing collateral. Join us to discover the regulatory wins and technical guardrails required to achieve true product-market fit in the next twelve months.
