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Nonco Expands Institutional Collateral Toolkit from Tokenized Money Market Funds to Secured Sovereign Debt
Source: PR Newswire
Crypto & Digital AssetsFintechCredit & Bond MarketsDerivatives & Volatility
Nonco announced it is adding USDM1, described as the world's first natively issued secured sovereign bond, as collateral for derivatives, financing and institutional trading. The move expands the institutional digital-asset firm's collateral options beyond tokenized money market fund collateral, though the announcement provides no transaction volumes, financial terms, or expected revenue impact.
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