Money Market Funds
Traditional Money Market Fund Process:
Unit A initiates MMF redemption
Unit A approves MMF redemption
MMF redemption settlement (T+0 or T+1)
Unit A initiates MMF payment to Unit B
Unit A approves payment to Unit B
Unit B approves MMF purchase and associated payment
Funds arrive at MMF, begin earning interest (T+0 to T+1)
Tokenized Money Market Fund Process:
Unit A initiates transfer of MMF tokens to Unit B (utilizing ERP2 tokens and/or a portal)
Unit A approves transfer of MMF tokens to Unit B
Funds arrive in Unit B's wallet and start earning yield instantly, with no yield lost during transaction
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