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PhillipCapital launches Tokenised USD Money Market Fund

Lin Daoyi
Lin Daoyi • 2 min read
PhillipCapital launches Tokenised USD Money Market Fund
PhillipCapital launched the tokenised Phillip USD Money Market Fund.
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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.

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.

Linus Lim, CEO of Phillip Capital Management, says: “This launch reflects our belief that the future of investing lies in combining the trust and governance of traditional finance with the transparency and efficiency of blockchain technology. Tokenisation allows us to offer clients new ways to access regulated products securely and seamlessly, while paving the way for broader participation in the digital asset ecosystem.”

Increasingly, global financial institutions and regulators are exploring tokenisation to unlock new efficiencies, transparency, and investor access. It promises to enhance the infrastructure around regulated instruments, enabling seamless integration with digital platforms and supporting more dynamic access models (including after-hours transactions) while preserving the same governance and compliance standards of traditional structures.

Built on a regulated and extensible digital architecture, tMMF-USD records transactions immutably, providing a transparent audit trail that strengthens investor confidence and regulatory oversight. It also facilitates automated compliance checks that help widen investor participation while maintaining established safeguards.

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As a blueprint, the tMMF-USD framework is designed to scale across other PhillipCapital-managed funds and regional products, allowing the development of a broader suite of blockchain-enabled investment products. The same modular tokenisation infrastructure is expected to support future product innovation, including SGD-denominated funds and regional fixed income strategies.

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