Web3’s Demand for Onchain MMFs

The question is no longer why asset managers should tokenize money market funds, it’s who’s ready to meet the surging demand. Web3 demand isn’t waiting. Stablecoin issuers need liquid and stable collateral to back their tokens. With the stablecoin market hitting a record $207.6 billion in mid-January, asset managers are taking action. DeFi treasuries seek secure, yield-generating onchain assets, while institutional crypto investors look for stable opportunities to deploy capital. Tokenized MMFs are emerging as the bridge between traditional finance and digital assets, offering the liquidity, security, and efficiency that Web3 demands.

Fasanara: One of the Digital Asset Leaders

As an established Digital Asset leader, Fasanara is not entering digital finance for the first time and instead brings over 13 years of expertise. Its deep integration with DeFi protocols like Aave and Uniswap, combined with its FCA-regulated status, positions Fasanara as a strong player in the tokenized MMF space.

The Challenge: Scaling Tokenized MMFs with Speed, Compliance, and Composability

“Rapidly and efficiently delivering innovative, differentiated products that offer high and unique value to our investors is central to our strategy at Fasanara.”

– David Vatchev, Head of Tokenization at Fasanara

As tokenized money market funds (MMFs) gain traction, Fasanara identified a key opportunity: delivering a compliant, scalable, and interoperable solution that can meet the needs of institutional investors, DeFi treasuries, and stablecoin issuers. However, success in this market demands more than expertise alone.

To establish a competitive edge, Fasanara needed to move quickly, integrate with key partners, and ensure long-term flexibility for its token holders. Composability—the ability for tokenized MMFs to interact with other onchain assets and protocols—was essential to unlocking future use cases and maximizing adoption. At the same time, compliance with strict financial regulations remained a top priority.

Bridging speed, interoperability, and regulatory adherence required a robust infrastructure partner—one that could provide a turnkey solution without adding technical complexity.

The Solution: Tokeny’s Onchain Operating System for Seamless Tokenization

To overcome these challenges, Fasanara partnered with Tokeny, leveraging its enterprise-grade onchain operating system for compliant tokenization. Within weeks, the platform was fully set up, allowing Fasanara to issue, manage, and distribute tokens without technical complexity.

At the core of this solution is ERC-3643, the market standard for compliant tokenization. This ensures that:

• Compliance is enforced at the token level, meeting regulatory requirements for every transaction.
• Fasanara retains full control over its token strategy, enabling recovery, freezing, secondary liquidity solutions, and conditional transfers.
• Fasanara’s strategy remains composable, meaning they can integrate effortlessly with legacy systems, blockchain service providers, and DeFi protocols.

“One of the key decisions for us is the trust, safety, and security of an institutional grade partner which Tokeny brings. Tokeny provides exceptional customer service, and working with a team that is also driven to bring about positive outcomes for both Fasanara and our end investors, has been a welcomed partnership.”

– David Vatchev, Head of Tokenization at Fasanara

The Impact: A Scalable, Compliant, and Future-Proof Tokenized MMF

By adopting Tokeny’s infrastructure and the ERC-3643 standard, Fasanara has successfully launched a next-generation tokenized MMF, with key benefits including:

By launching Fasnara’s Token Strategy on Tokeny’s infrastructure, Fasanara has built more than just a tokenized MMF, it has created a future-proof, composable, and compliant digital asset. With growing interest from stablecoin issuers, DeFi treasuries, and hedge funds, Fasanara is now well positioned to be a leader the next evolution of real-world assets (RWA) onchain.