Building Institutional Infrastructure for Tokenized Money Market Funds

Written By Kinga Garbacz

UK pension funds holding £36 billion in government bonds triggered a systemic crisis requiring the Bank of England to intervene, not from bad assets, but because data infrastructure couldn’t keep up with market volatility. Three unsolved data problems remain for tokenized MMFs at scale. Fragmentation across Ethereum, Stellar, Polygon, and Canton with inconsistent valuations, no continuous monitoring, and no standard data model or governance framework for automated workflows. Kaiko operates as a regulated Benchmark Administrator providing continuous indicative valuation with sub-minute latency across all platforms 24/7. Ownera’s FinP2P Router enables institutions to integrate once and gain automatic connectivity to all participants with no bilateral integrations required.

  • The 2022 UK gilt crisis revealed a critical gap

  • Three unsolved problems for tokenized MMFs at scale

  • Kaiko and Ownera’s infrastructure solution

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Kinga Garbacz
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