DigiFT: Launches Dollar Money Market Fund Token DMMF

ChainCatcher news, according to official sources, the on-chain RWA exchange DigiFT has announced the launch of its second RWA deposit receipt (DR) series token, the DigiFT USD Money Market Fund Token (DMMF).

It is reported that the DMMF token is issued on Ethereum and Arbitrum, with potential expansion to other public chains in the future. The token aims to optimize the cash management methods for stablecoin holders, providing on-chain stablecoin yields.

In addition, the DMMF token directly represents the income rights to its underlying money market fund, which is managed by a licensed fund management institution and invests in high-quality short-term money market instruments and bonds, including government and corporate bonds, commercial paper, and deposits from qualified financial institutions.