The Moreliquid Money Market EUR (MMMEUR) token unlocks easier, faster and cost-efficient access to low-risk yields from Euro Money Markets for professional investors by tokenizing the HSBC Euro Liquidity Fund. Qualified professional investors can subscribe to moreliquid’s money market token in either fiat or crypto currencies. For those investing in digital assets for the first time, moreliquid offers a secure and easily accessible web3 custody solution.
Luxembourg – March 19th, 2024 – moreliquid, a leading digital securities investment platform, today announced its groundbreaking initiative to tokenize the HSBC Euro Liquidity Fund by introducing the Moreliquid Money Market EUR (MMMEUR) token. This move signifies a major advancement in integrating traditional financial instruments with blockchain technology, offering institutional and high-net-worth investors a unique and dynamic way to engage with the Euro money markets.
Regulated under the jurisdiction of the Grand Duchy of Luxembourg, the MMMEUR token offers monthly coupon payments, providing a steady and predictable income stream for institutional and high-net-worth investors. The token’s evergreen maturity date ensures long-term engagement possibilities. Reflecting its underlying asset, the HSBC Euro Liquidity Fund, the MMMEUR token is designed to give qualified investors exposure to a diverse portfolio of short-term securities, carefully curated to meet stringent criteria for maturity, issuer reputation, market listing, and credit ratings as required by law. The specifics about the HSBC Euro Liquidity Fund are available here.
Issued on the Polygon network, the MMMEUR token sets its minimum investment at €100,000. It requires investors to be residents of the EEA, targeting primarily institutional and high-net-worth investors interested in the Euro liquidity market. This requirement ensures that the fund attracts committed and qualified investors, contributing to a stable and focused investment environment.
Expanding the utility of real-world asset tokens, Moreliquid allows the MMMEUR token to be managed, transferred, or utilized as collateral for loans. This integration enhances the functionality of the MMMEUR token, providing investors with increased liquidity, versatility, and security in their investments. By leveraging moreliquid’s secure and compliant DeFi platform, investors gain control and flexibility over their digital real-world assets, merging traditional finance with blockchain innovation.
The MMMEUR token, developed in collaboration with Tokeny, is available for purchase directly through cryptocurrency wallets. Utilizing the open-source ERC3643 standard for its issuance, the MMMEUR token ensures that blockchain-based securities regulations are met seamlessly, highlighting innovation, compliance, and transparency. Copper and Dfns have been selected as the wallet management solution and infrastructure for the MMMEUR token, ensuring top-tier security and compliance. Copper’s expertise in digital asset protection assures investors of secure and regulated management of their MMMEUR tokens.
