{"id":8422,"date":"2026-03-04T07:46:17","date_gmt":"2026-03-04T07:46:17","guid":{"rendered":"https:\/\/acudc.com\/?p=8422"},"modified":"2026-03-04T07:49:10","modified_gmt":"2026-03-04T07:49:10","slug":"citi-fidelity-intl-combine-money-market-fund-tokenization-with-fx-swaps","status":"publish","type":"post","link":"https:\/\/acudc.com\/zh\/citi-fidelity-intl-combine-money-market-fund-tokenization-with-fx-swaps\/","title":{"rendered":"Citi, Fidelity Intl combine money market fund tokenization with FX swaps"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"8422\" class=\"elementor elementor-8422\">\n\t\t\t\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-624d676d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"624d676d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5b01699e\" data-id=\"5b01699e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-309872b elementor-widget elementor-widget-image\" data-id=\"309872b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.2 - 21-08-2022 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"671\" height=\"432\" src=\"https:\/\/acudc.com\/wp-content\/uploads\/2026\/03\/News0304.03.png\" class=\"attachment-large size-large\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/acudc.com\/wp-content\/uploads\/2026\/03\/News0304.03.png 671w, https:\/\/acudc.com\/wp-content\/uploads\/2026\/03\/News0304.03-300x193.png 300w, https:\/\/acudc.com\/wp-content\/uploads\/2026\/03\/News0304.03-18x12.png 18w\" sizes=\"(max-width: 671px) 100vw, 671px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d5cd177 elementor-widget elementor-widget-text-editor\" data-id=\"7d5cd177\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.7.2 - 21-08-2022 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Image by Ledger Insights<\/p><p>As part of Singapore\u2019s Project Guardian which explores tokenization, Citi and Fidelity International have developed a solution that combines a tokenized\u00a0money market fund (MMF) with an embedded digital FX swap.<\/p><p>Conventionally, if an institution outside of the United States wants to buy a US dollar MMF, that involves currency risks. They have to convert their local currency into the US dollar to buy the MMF, and when they\u2019re ready to sell the MMF in the future, the exchange rate might have moved against them. So often when investing in a USD MMF, an institution would also execute an FX swap which switches to US dollars today, and converts back to local currency at a specific rate, say one month in the future when they plan to exit the MMF position. In conventional markets, these would be entirely separate transactions.<\/p><p>One target market for the tokenized version would be corporate treasurers that want to invest in USD MMFs to earn yield. But they also want to ensure they can exit the position at any time to use the funds for working capital. With this sort of solution, tokenization would make that possible in real time, which is not something available today.<\/p><p>Retrieved from:\u00a0<a href=\"https:\/\/www.ledgerinsights.com\/citi-fidelity-intl-combine-money-market-fund-tokenization-with-fx-swaps\/\"><u>https:\/\/www.ledgerinsights.com\/citi-fidelity-intl-combine-money-market-fund-tokenization-with-fx-swaps\/<\/u><\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Image by Ledger Insights As part of Singapore\u2019s Project Guardian which explores tokenization, Citi and Fidelity International have developed a solution that combines a tokenized\u00a0money market fund (MMF) with an embedded digital FX swap. Conventionally, if an institution outside of the United States wants to buy a US dollar MMF, that involves currency risks. They &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/acudc.com\/zh\/citi-fidelity-intl-combine-money-market-fund-tokenization-with-fx-swaps\/\"> <span class=\"screen-reader-text\">Citi, Fidelity Intl combine money market fund tokenization with FX swaps<\/span> \u67e5\u770b\u5168\u6587 &raquo;<\/a><\/p>","protected":false},"author":8,"featured_media":8407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[15,9],"tags":[96],"_links":{"self":[{"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/posts\/8422"}],"collection":[{"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/comments?post=8422"}],"version-history":[{"count":4,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/posts\/8422\/revisions"}],"predecessor-version":[{"id":8426,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/posts\/8422\/revisions\/8426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/media\/8407"}],"wp:attachment":[{"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/media?parent=8422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/categories?post=8422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/acudc.com\/zh\/wp-json\/wp\/v2\/tags?post=8422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}