PhillipCapital accelerates fintech innovation with launch of Tokenised Phillip USD Money Market Fund (tMMF-USD)

SINGAPORE, 5 November 2025 – PhillipCapital has launched the tokenised Phillip USD Money Market Fund (tMMF-USD), a blockchain-based version of its existing Phillip USD Money Market Fund. The launch marks a key milestone in PhillipCapital’s digital asset strategy and reflects the growing awareness, adoption and demand for tokenised securities.

Developed under Singapore’s regulated framework, tMMF-USD mirrors the underlying Phillip USD Money Market Fund. Investors receive tMMF-USD tokens representing fund units, with token creation, redemption, and on-chain net asset value (NAV) publication, providing real-time transparency through a public blockchain.

Institutional distribution has commenced through PhillipCapital’s network of professional and accredited investors, while retail investors will gain access through the POEMS platform in upcoming releases. In addition, the tMMF-USD will be listed on Alta Exchange, PhillipCapital’s partner, making it available to its member network which includes leading global and regional financial institutions. This represents another strong use case for blockchain within the financial ecosystems, and builds on our ongoing collaboration with Alta.

Mr. Linus Lim, Chief Executive Officer of Phillip Capital Management, the asset management arm of PhillipCapital said: “This launch reflects our belief that the future of investing lies in combining the trust and governance of traditional finance with the transparency and efficiency of blockchain technology. Tokenisation allows us to offer clients new ways to access regulated products securely and seamlessly, while paving the way for broader participation in the digital asset ecosystem.”

The launch comes at a time when global financial institutions and regulators are increasingly exploring tokenisation to unlock new efficiencies, transparency, and investor access. Tokenisation enhances the infrastructure around regulated instruments, enabling seamless integration with digital platforms and supporting more dynamic access models (including after-hours transactions) while preserving the same governance and compliance standards of traditional structures.

Built on a regulated and extensible digital architecture, tMMF-USD exemplifies how blockchain can enhance the distribution and operation of traditional financial products. Transactions are recorded immutably, offering a clear audit trail that strengthens investor confidence and regulatory oversight. Beyond improved efficiency, tokenisation also facilitates automated compliance checks that help widen investor participation while maintaining established safeguards.

As a blueprint, the tMMF-USD framework is designed to scale across other PhillipCapital-managed funds and regional products, making it a foundational step towards a broader suite of blockchain-enabled investment offerings. The same modular tokenisation infrastructure is expected to support future product innovation, including SGD-denominated funds and regional fixed income strategies.

The launch underscores PhillipCapital’s role as a frontrunner in regulated tokenisation of real-world assets, bridging conventional financial products with blockchain-enabled ecosystems, while maintaining its longstanding commitment to governance, innovation, and investor protection.

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About PhillipCapital

Since its inception as a stockbroker (Phillip Securities) in 1975, PhillipCapital has grown into an integrated Asian financial house with a global presence and offers a full range of quality and innovative services to retail and high net worth individuals, family offices, as well as corporate and institutional customers.

PhillipCapital offers a comprehensive suite of financial products and services includes broking in securities, futures, foreign exchange, bonds, precious metals and commodities, unit trusts, contracts for difference, exchange traded funds, fund management, managed accounts, insurance planning, regular savings plan, investment research, equity financing and property consultancy. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.

Today, the company headquartered in Singapore, operates in the financial hubs of 15 locations including Australia, Cambodia, China (and Hong Kong SAR), India, Indonesia, Japan, Malaysia, Singapore, Thailand, Turkey, UK, UAE, USA and Vietnam, serving over 1.5 million clients with Assets Under Custody exceeding US$65 billion.