Sharing incase someone hasn’t yet 

https://youtu.be/kdQi-N1BfO4?si=IKhLTvogMnMLKSxl

RWAs @ https://blockapps.net | purple 126 🟪

Will be interesting to see what they do next. The first product is not particularly compelling.

Are you referring to Superstate and if so say more

I am. It’s a MMF in a hedge fund wrapper for qualified purchasers only (assets > 5mm). You also can’t compose with it. I get it as a starting place but it has no product market fit right now.

Can the MMF be a template to tokenize other trad assets? Ondo also pushes their MMF and I always wonder why this particular asset?

I think that’s right. Most liquid funds work similarly. Groups are starting there because theres a lot of on chain cash earning 0 while tether and circle make billions. It’s also very straight forward low risk product so you don’t need big investment or sales teams.