Sygnum CSO: Institutions want integrated infrastructure for deposit tokens, MMFs

Instead of waiting for a single stablecoin to win out, major global institutions and asset managers are focused on securing interoperability that allows them to move freely between deposit tokens and money market funds (MMFs) within a regulated framework, said Thomas Eichenberger, Chief Strategy Officer (CSO) at digital asset bank Sygnum. According to CoinDesk, he explained that the demands from institutional clients are clear and that they are not waiting for any particular digital asset to dominate the market. Eichenberger added that these clients are calling for a hybrid infrastructure that allows for the interchange of stablecoins, deposit tokens, and MMF tokens under regulatory guidelines. This would enable large corporate treasury departments to conduct 24/7 cross-border payments within a trusted regulatory framework, while simultaneously securing immediate liquidity and interest income.