Techub News reported that according to Financial News, US financial services giant State Street Bank is exploring tokenized bonds and money market funds. Donna Milrod, Chief Product Officer of State Street Bank, said that the company is currently studying these two projects and is working to establish tokenized collateral that can be used as a change or initial margin for transactions. Currently, companies must sell their money market funds to generate trading margin. By digitizing these funds and using cryptocurrencies as collateral, the need for redemption can be completely eliminated.