Deutsche Bank and DWS to explore tokenized money market funds and other products; DWS plans to launch a tokenized money market fund

Odaily: Deutsche Bank and DWS will explore tokenized money market funds and other products, and DWS plans to launch a tokenized money market fund. Manfred Bauer, Chief Product Officer of DWS, said that DWS plans to launch the fund. As of September 30, DWS had assets under management of €1.22 trillion. The two parties signed a memorandum of understanding to explore custody, settlement, liquidity management, and distribution arrangements related to tokenized money market funds, crypto asset ETCs, and stablecoins.