For pension funds, tokenization’s real play is balance sheet management, not just 24/7 liquidity, Fidelity’s Lai says
Tokenized products already exist, though mainly for investing. The most popular category is tokenized money market funds, primarily backed by U.S. Treasuries. The largest, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), debuted in March 2024. […]
