TheStreet.com published a brief titled, "Tokenized Money Market Funds Gain Privacy Layer on Public Blockchain Infrastructure." They write, "Silent Data, the programmable privacy Ethereum Layer 2 developed by Applied Blockchain, is now powering regulated tokenized money market funds from some of the world's largest asset managers. The network is hosting fund products issued by Archax, including interests in money market funds from Aberdeen, BlackRock, Fidelity International, and State Street. According to the companies, this is the first time regulated tokenized fund products have operated on public blockchain infrastructure with hardware-enforced privacy embedded at the execution layer." The piece says, "The distinction lies not in the tokenization itself, but in how information is processed. Traditional public blockchain environments allow transaction details and wallet balances to be inspected by network participants. For decentralized ecosystems, that visibility underpins trust. For regulated financial institutions, it presents a structural obstacle." It adds, "Money market funds have emerged as one of the more widely adopted real-world asset categories within blockchain-based finance. Their structure and yield profile make them a relatively conservative bridge between traditional capital markets and digital infrastructure."