# Coinbase Reportedly Planning Tokenized Money-Market Fund

*Author: Jack Inabinet*
*Published: Jul 24, 2024*
*Source: https://www.bankless.com/de/coinbase-reportedly-planning-tokenized-money-market-fund*

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Crypto exchange Coinbase is aiming to become a major player in tokenized US Treasury markets, [CoinDesk](https://www.coindesk.com/business/2024/07/24/coinbase-asset-management-plans-tokenized-money-market-fund-a-hot-area-after-blackrocks-buidl-success-sources/?utm_source=twitter&utm_campaign=coindesk_main&utm_content=editorial&utm_term=organic&utm_medium=social) reports.

## What’s the scoop?
- **New Fund:** The asset management arm of publicly traded crypto exchange Coinbase (COIN) plans to create a tokenized money market fund, attempting to emulate the success of tokenized products from legacy asset managers like BlackRock and Franklin Templeton.

## Bankless Take:
While the tokenized asset sector already has plenty of money market offerings from more established firms, this latest offering stands out due to Coinbase’s massive distribution network; it has the potential to push an increased number of onchain participants out of non-productive stablecoins into yield-bearing US Treasury bills.

> SCOOP: [@coinbase](https://twitter.com/coinbase?ref_src=twsrc%5Etfw)'s asset management arm is creating a tokenized money-market fund, according to four people familiar with the plan. It's a hot area of crypto after [@BlackRock](https://twitter.com/BlackRock?ref_src=twsrc%5Etfw)'s [$BUIDL](https://twitter.com/search?q=%24BUIDL&src=ctag&ref_src=twsrc%5Etfw) success.[@IanAllison123](https://twitter.com/IanAllison123?ref_src=twsrc%5Etfw) reports[https://t.co/Hx3RCL9pmL](https://t.co/Hx3RCL9pmL)— CoinDesk (@CoinDesk) [July 24, 2024](https://twitter.com/CoinDesk/status/1816146878502715666?ref_src=twsrc%5Etfw)