Institutional TMMF
FINRA Member BD
Mirror Token Architecture
ARQField LLC × Quantum Field Inc. × Liquidity.io

AFTMF®
Tokenized Money
Market Fund

Institutional-grade digital liquidity infrastructure

Mirror-token architecture for government MMF exposure. T+0 settlement, 24/7 collateral mobility, real-time margin response—built for sophisticated institutional investors.

AFTMF® tokens are securities representing mirror interests in money market funds, issued and traded on Liquidity.io—an SEC-regulated ATS operated by ARQ Securities (FINRA/SIPC).

$7T+
U.S. MMF Market
T+0
Token Settlement
24/7
Collateral Mobility
~5%
Illustrative APY
AFTMF Mirror Token

Tokenized MMFs Have Reached Institutional Scale

Leading institutions have begun employing blockchain technology to represent and track ownership of Money Market Fund shares, marking a decisive shift in how short-term liquidity is managed.

Recent initiatives bring together major custodians and digital asset platforms to maintain client ownership ledgers in select MMFs and support "mirrored record" tokenization of those positions.

BlackRock, BNY Investments Dreyfus, Federated Hermes, Fidelity Investments, and Goldman Sachs Asset Management are participating in initial rollouts—underscoring that tokenized MMFs are becoming part of mainstream liquidity infrastructure.

Goldman Sachs
Digital Assets
BNY Mellon
Custody Services
BlackRock
Fund Manager
Fidelity
Fund Manager
Federated
Fund Manager
ARQField
AFTMF® Manager

"As the financial system transitions toward a more digital, real-time architecture, ARQ Securities is committed to enabling scalable and secure solutions that shape the future of finance. Mirrored tokenization of MMF shares is a first step in this transition, and we are proud to be at the forefront of this first-of-its-kind initiative."

Eric Choi, Global Head of Liquidity, Financing and Collateral, ARQ Securities

"Using tokens representing the value of shares of Money Market Funds allows us to unlock their utility as a form of collateral and open up more seamless transferability in the future."

Matthew Bowen, Global Head of Digital Assets, ARQField LLC

Mirror Token Architecture

Investor Subscription

Subscribe/redeem MMF shares via Liquidity.io

ARQField LLC (TMMF Manager)

Official books, records, settlements on traditional ledger

AFTMF® Mirror Tokens

Tokens mirroring MMF share value on permissioned DLT

Institutional Architecture for Digital Liquidity

Conservative at the asset layer. Innovative at the representation layer. Distribution-focused at the network layer.

TMMF Manager

ARQField LLC

Administers the official books, records, and settlements for participating MMFs. The canonical legal record remains in traditional transfer-agent and fund-accounting systems.

Official books and records
Fund-level governance
Regulated ledger of record
Token Layer

AFTMF® Mirror Tokens

Enables mirror tokens representing MMF shares on a permissioned digital asset network. Tokens reflect economic value while maintaining fund governance.

1:1 value mirroring
Permissioned DLT network
Collateral-ready composability

The AFTMF® Stack

Three-layer architecture for institutional digital liquidity

Asset Layer

Government MMFs

Conservative exposure to U.S. Treasurys and government securities

Representation Layer

Mirror Tokens

Innovative token representation enabling T+0 settlement

Network Layer

Distribution Focus

Community banks, Liquidity.io, GENIUS-era integration

Why Tokenized MMFs Matter

The convergence creates tangible advantages for institutions facing real-time collateral and liquidity demands.

01

Capital Earns Yield Until Deployed

Idle stablecoin balances sweep into tokenized MMF. When margin calls arise, tokens can be redeemed immediately.

02

On-Chain Settlement Reduces Risk

Delivery-versus-payment executes in seconds. Exposure windows between trade and settlement shrink dramatically.

03

Smart Contract Collateral Logic

Pre-defined rules for margin calls and top-ups can be codified. Collateral moves automatically with audit trails.

04

Real-Time Margin Response

No waiting for wire windows or batch runs. Liquidity becomes 24/7, aligned with global FX markets.

05

Cross-Platform Mobility

Tokens representing MMF shares move across approved venues without re-papering.

Lower Collateral Drag
Faster Risk Response
Improved Liquidity Access

Institutional Calculator Suite

Model yield capture, collateral efficiency, and settlement savings with AFTMF® mirror tokens.

Yield Calculator

Estimate earnings at illustrative 5.00% APY

$
Illustrative APY 5.00%
Daily Earnings $1,369.86
Monthly Earnings $41,666.67
Annual Earnings $500,000.00

*Illustrative only. Past performance does not guarantee future results.

Collateral Efficiency

Compare idle cash vs. yield-bearing collateral

$
days
1 day 45 days 90 days
Idle Cash Yield $0.00
AFTMF® Yield Capture $205,479.45
Efficiency Gain $205,479.45

*Based on 5% APY. Collateral as AFTMF® tokens continues earning yield.

Settlement Savings

T+0 vs. T+2 capital efficiency

$
Settlement Period 2 Days
Capital Tied Up (Avg) $9,523,810
Opportunity Cost/Month $39,683

*Assumes 5% APY on capital freed by faster settlement.