Tokenized Money Market Funds
Evolution, Not Revolution
Join us as we discuss how tokenization marks the latest evolution of a rapidly expanding asset class. If not properly managed, it may introduce new risks that warrant careful assessment.
Discussion topics include:
- Explore how tokenization is reinvigorating the rapidly growing money market fund industry, creating a bridge between traditional and decentralized finance and offering an institutional alternative to stablecoins.
- Understand what changes and what stays the same, from the potential benefits of DLT, such as continuous trading and cost savings, to the fundamental importance of liquidity, capital preservation, and credit stability.
- Learn how Moody’s assesses tokenized MMFs, including technology and blockchain risks, and understand the differences between recent transactions.
Speakers
Vincent Gusdorf
Executive Director
Moody's Ratings
Mehdi Ababou
Senior Vice President
Moody's Ratings
Cristiano Ventricelli
Vice President
Moody's Ratings
Stephen Tu
Vice President
Moody's Ratings
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Vincent Gusdorf is an Executive Director in the DeFi and Digital Assets team (DFDA), leading Moody’s blockchain technology research. Before joining the DFDA team, Vincent worked for the Innovation and Data Science team, managing several machine learning projects and defining the innovation roadmap.
Vincent worked as a credit analyst for 16 years and covered investment grade and high-yield corporates. He also contributed to developing Moody’s cyber risk expertise in Europe. Before joining Moody’s, Vincent worked at Standard & Poor’s, Exane BNP Paribas, and Ernst and Young.
Vincent is a CFA charter holder and holds a Master of Finance from Sciences Po Paris and a Master of Law from Université Paris II Panthéon-Assas. He is a self-trained programmer and developed his blockchain and machine learning expertise by completing multiple online data science and cloud certifications. Vincent is also a Certified ScrumMaster and a PMI Agile Certified Practitioner (PMI-ACP).
Mehdi Ababou is a Senior Vice President – Senior Credit Officer in the Structured Finance Group at Moody’s in Paris. Mehdi has extensive experience rating structured finance transactions across Europe and the Middle East, covering a wide range of asset classes from consumer ABS to future flow deals. He currently leads the analysis of corporate securitisation transactions and is also responsible for digital finance transactions, working closely with the DeFi team.
Before joining Moody’s, Mehdi worked in structured finance teams at banks in London and Paris.
Mehdi holds a degree in Economics and Business Administration from Paris I – Sorbonne University and a Banking and Finance degree from Paris V – Descartes University.
Cristiano serves as Vice President of the DeFi & Digital Assets team at Moody's Ratings. His role entails the comprehensive analysis of emerging digital financial products and services, as well as overseeing the digital transition of traditional financial entities. He possesses a solid background in risk management, acquired through his tenure in various consulting and banking institutions. Before joining Moody's, Cristiano worked two years in the decentralized finance space, thereby solidifying his proficiency in the digital finance domain.
Stephen is a lead analyst responsible for a portfolio of US funds & asset management companies. He has also led research on thematic topics including Digital Transformation, ESG Investing, Active & Passive investing and liquidity risks. His research is frequently cited in the FT, Bloomberg, NY Times, WSJ, Barron’s and other financial media.
Prior to joining Moody’s in 2013, he was an Executive Director at China International Capital Corporation focused on asset management and cross-border capital products. He served as Director at Societe Generale Asset Management’s alternative investment group as global strategy head for relative value investments and Director at Banc of America Capital Management’s alternative investment group managing hedge fund investments. Stephen started his career as a debt derivatives trader at Citibank in New York and graduated from the University of Michigan with an Honors in Economics.