Graph and download economic data for Money Market Funds; Total Financial Assets, Level (MMMFFAQ027S) from Q4 1945 to Q2 2025 about MMMF, IMA, financial, assets, and USA.

Graph and download economic data for Money Market Funds; Total Financial Assets, Transactions (MMMFTAA027N) from 1946 to 2024 about MMMF, IMA, transactions, financial, assets, and USA.

In 2023, repurchase agreements were the most common assets held by taxable prime money market funds in the United States. These assets made up **** percent of the total net assets that year. The second-largest share of total net assets in 2023 was composed of certificates of deposit, at around **** percent. This was followed by commercial paper, which made up **** percent of total net assets.

Graph and download economic data for Households and Nonprofit Organizations; Total Currency and Deposits Including Money Market Fund Shares; Asset, Transactions (BOGZ1FA154000025A) from 1946 to 2024 about MMMF, nonprofit organizations, transactions, deposits, currency, households, assets, and USA.

The United Kingdom Mutual Fund Market Report is Segmented by Asset Class (Equity, Bond, Hybrid, Money Market, Others), Investor Type (Retail, Institutional), Distribution Channel (Banks, Online Platforms, Financial Advisors, Direct), and Geography (England, Scotland, Wales, Northern Ireland). The Market Forecasts are Provided in Terms of Value (USD).

Tokenized Money Market Funds Market Outlook

According to our latest research, the Global Tokenized Money Market Funds market size was valued at $3.2 billion in 2024 and is projected to reach $27.8 billion by 2033, expanding at a robust CAGR of 27.1% during the forecast period of 2025 to 2033. The primary catalyst fueling this remarkable growth is the accelerating adoption of blockchain technology within the financial services sector, which has enabled the digitization and seamless fractionalization of traditional money market funds. This technological transformation is unlocking new efficiencies, increasing transparency, and lowering barriers for both institutional and retail investors globally. As regulatory clarity improves and digital asset infrastructure matures, market participants are increasingly leveraging tokenized money market funds to access liquidity, diversify portfolios, and enhance operational agility.

Regional Outlook

North America currently commands the largest share of the global Tokenized Money Market Funds market, accounting for approximately 42% of the total market value in 2024. This dominance is largely attributed to the region’s mature financial ecosystem, early adoption of blockchain and distributed ledger technologies, and proactive regulatory frameworks that support digital asset innovation. Major financial institutions and asset managers in the United States and Canada are pioneering tokenized fund launches, leveraging established investor bases and advanced digital infrastructure. The presence of leading blockchain platforms and robust venture capital investment further accelerates innovation, while ongoing collaboration between regulators and industry participants fosters a conducive environment for market growth. These factors collectively position North America as the epicenter of tokenized money market fund development and adoption.

Asia Pacific is emerging as the fastest-growing region in the Tokenized Money Market Funds market, projected to expand at a CAGR of 32.5% between 2025 and 2033. The region’s rapid digital transformation, coupled with increasing financial inclusion and a burgeoning fintech ecosystem, is driving heightened interest in tokenized financial products. Key markets such as Singapore, Hong Kong, Japan, and Australia are witnessing significant regulatory reforms aimed at facilitating digital asset innovation, while both local and global financial institutions are launching pilot projects and strategic partnerships to tap into new investor segments. The influx of cross-border investments, coupled with a tech-savvy population and the proliferation of digital asset platforms, is expected to propel Asia Pacific’s share of the global market substantially over the forecast period.

Emerging economies in Latin America, the Middle East, and Africa are gradually integrating tokenized money market funds into their financial landscapes, albeit at a slower pace. In these regions, the adoption trajectory is influenced by localized challenges such as regulatory uncertainty, limited digital infrastructure, and varying levels of financial literacy. However, the increasing need for efficient cross-border payments, access to alternative investment vehicles, and the drive for financial inclusion are compelling both policymakers and private sector participants to explore tokenized fund solutions. Pilot programs, regulatory sandboxes, and partnerships with global fintech players are helping to address adoption barriers, laying the groundwork for future market expansion as digital transformation initiatives gain momentum.

Report Scope

In 2020, the most common asset held by government money market funds in the United States was U.S. treasury bills. These assets made up **** percent of total net assets that year - the highest percentage composition this category has seen between 2000 and 2020. Repurchase agreements were the second-largest share of total net assets in 2020, at around **** percent, followed by U.S. government agency issues, which made up ** percent of total net assets.

View monthly updates and historical trends for US Money Market Funds as % of S&P 500 Market Cap. from United States. Source: Federal Reserve. Track econom…

Finland Financial Assets: Flow: TE: MF: Money Market Fund Shares data was reported at 92.000 EUR mn in 2017. This records a decrease from the previous number of 425.000 EUR mn for 2016. Finland Financial Assets: Flow: TE: MF: Money Market Fund Shares data is updated yearly, averaging 507.000 EUR mn from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 3,334.000 EUR mn in 2006 and a record low of -6,871.000 EUR mn in 2008. Finland Financial Assets: Flow: TE: MF: Money Market Fund Shares data remains active status in CEIC and is reported by Statistics Finland. The data is categorized under Global Database’s Finland – Table FI.AB003: Funds by Sector: ESA 2010: Total Economy: Flow.

The total global net assets of mutual funds registered in the United States amounted to approximately 28.54 trillion U.S. dollars in 2024, compared to around 5.53 trillion U.S. dollars in 1998. Mutual funds: additional information Mutual funds are investment funds in which the capital is pooled from several investors and then used to buy securities such as stocks, bonds, or money market instruments. Although investing in mutual funds rather than direct investment in individual securities still presents a certain degree of risk, it has become more and more common practice around the world. One of the biggest advantages of this type of investment is the fact that the fund assets are managed by professionals. They aim to eliminate some risk involved in investing in individual stocks and bonds through diversification of assets. As of 2024, there were almost 7,038 mutual funds domiciled in the United States. There are four main types of mutual funds, categorized by the nature of their principal investments, namely: stock or equity funds (whether domestic or international), bond or fixed income funds, money market funds, and hybrid funds. In 2023, domestic equity funds were the most popular category in the United States, representing 46 percent of all mutual fund and ETF assets.

Luxembourg Financial Liabilities: Stock: TE: EI: IF: Money Market Fund Shares data was reported at 262,289.000 EUR mn in Mar 2018. This records a decrease from the previous number of 284,772.000 EUR mn for Dec 2017. Luxembourg Financial Liabilities: Stock: TE: EI: IF: Money Market Fund Shares data is updated quarterly, averaging 204,714.000 EUR mn from Mar 1999 (Median) to Mar 2018, with 77 observations. The data reached an all-time high of 343,297.000 EUR mn in Mar 2009 and a record low of 61,842.000 EUR mn in Mar 1999. Luxembourg Financial Liabilities: Stock: TE: EI: IF: Money Market Fund Shares data remains active status in CEIC and is reported by Central Bank of Luxembourg. The data is categorized under Global Database’s Luxembourg – Table LU.AB002: ESA 2010: Funds by Sector: Total Economy: Stock.

United States - State and Local Governments; Total Currency and Deposits Including Money Market Fund Shares and Repurchase Agreements; Asset, Transactions was 25893.00000 Mil. of $ in April of 2025, according to the United States Federal Reserve. Historically, United States - State and Local Governments; Total Currency and Deposits Including Money Market Fund Shares and Repurchase Agreements; Asset, Transactions reached a record high of 252164.00000 in April of 2021 and a record low of -67251.00000 in October of 2004. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - State and Local Governments; Total Currency and Deposits Including Money Market Fund Shares and Repurchase Agreements; Asset, Transactions - last updated from the United States Federal Reserve on November of 2025.

In 2025, ** percent of adults in the United States invested in the stock market. This figure has remained steady over the last few years and is still below the levels before the Great Recession, when it peaked in 2007 at ** percent. What is the stock market? The stock market can be defined as a group of stock exchanges where investors can buy shares in a publicly traded company. In more recent years, it is estimated an increasing number of Americans are using neobrokers, making stock trading more accessible to investors. Other investments A significant number of people think stocks and bonds are the safest investments, while others point to real estate, gold, bonds, or a savings account. Since witnessing the significant one-day losses in the stock market during the financial crisis, many investors were turning towards these alternatives in hopes for more stability, particularly for investments with longer maturities. This could explain the decrease in this statistic since 2007. Nevertheless, some speculators enjoy chasing the short-run fluctuations, and others see value in choosing particular stocks.

Ireland Financial Assets: Stock: TE: IF: Non Money Market Fund Investment Shares data was reported at 419,741.559 EUR mn in Jun 2018. This records an increase from the previous number of 407,945.446 EUR mn for Mar 2018. Ireland Financial Assets: Stock: TE: IF: Non Money Market Fund Investment Shares data is updated quarterly, averaging 120,292.261 EUR mn from Mar 2002 (Median) to Jun 2018, with 66 observations. The data reached an all-time high of 419,741.559 EUR mn in Jun 2018 and a record low of 24,109.618 EUR mn in Sep 2002. Ireland Financial Assets: Stock: TE: IF: Non Money Market Fund Investment Shares data remains active status in CEIC and is reported by Central Bank of Ireland. The data is categorized under Global Database’s Ireland – Table IE.AB002: Funds by Sector: ESA 2010: Total Economy: Stock.

Ireland Financial Assets: Flow: TE: IF: Non Money Market Fund Investment Shares data was reported at 2,585.935 EUR mn in Jun 2018. This records a decrease from the previous number of 8,710.991 EUR mn for Mar 2018. Ireland Financial Assets: Flow: TE: IF: Non Money Market Fund Investment Shares data is updated quarterly, averaging 3,004.949 EUR mn from Mar 2002 (Median) to Jun 2018, with 66 observations. The data reached an all-time high of 15,758.718 EUR mn in Jun 2017 and a record low of -7,136.064 EUR mn in Dec 2008. Ireland Financial Assets: Flow: TE: IF: Non Money Market Fund Investment Shares data remains active status in CEIC and is reported by Central Bank of Ireland. The data is categorized under Global Database’s Ireland – Table IE.AB001: Funds by Sector: ESA 2010: Total Economy: Flow.

The India Mutual Fund Market is Segmented by Fund Type (Equity, Bond, Hybrid, Money Market, and Others), by Investor Type (Retail and Institutional), by Management Style (Active and Passive), and by Distribution Channel (Online Trading Platform, Banks, Securities Firm, and Others). The Market Forecasts are Provided in Terms of Value (USD).

Ireland Financial Liabilities: Stock: TE: IF: Non Money Market Fund Investment Shares data was reported at 1,887,577.673 EUR mn in Dec 2017. This records an increase from the previous number of 1,806,305.821 EUR mn for Sep 2017. Ireland Financial Liabilities: Stock: TE: IF: Non Money Market Fund Investment Shares data is updated quarterly, averaging 477,094.359 EUR mn from Mar 2002 (Median) to Dec 2017, with 64 observations. The data reached an all-time high of 1,887,577.673 EUR mn in Dec 2017 and a record low of 157,006.395 EUR mn in Dec 2002. Ireland Financial Liabilities: Stock: TE: IF: Non Money Market Fund Investment Shares data remains active status in CEIC and is reported by Central Bank of Ireland. The data is categorized under Global Database’s Ireland – Table IE.AB002: Funds by Sector: ESA 2010: Total Economy: Stock.

Netherlands Financial Liabilities: Stock: TE: EI: IF: Money Market Fund data was reported at 1,680.000 EUR mn in Dec 2024. This records a decrease from the previous number of 1,684.000 EUR mn for Sep 2024. Netherlands Financial Liabilities: Stock: TE: EI: IF: Money Market Fund data is updated quarterly, averaging 2,675.000 EUR mn from Mar 1999 (Median) to Dec 2024, with 104 observations. The data reached an all-time high of 9,910.000 EUR mn in Dec 2015 and a record low of 848.000 EUR mn in Sep 2023. Netherlands Financial Liabilities: Stock: TE: EI: IF: Money Market Fund data remains active status in CEIC and is reported by Statistics Netherlands. The data is categorized under Global Database’s Netherlands – Table NL.AB002: ESA 2010: Funds by Sector: Total Economy: Stock.

Collateralized Funding Market Outlook

According to our latest research, the global collateralized funding market size reached USD 18.6 trillion in 2024, reflecting a robust and dynamic financial sector. The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.2% from 2025 to 2033, reaching a projected value of USD 35.1 trillion by the end of the forecast period. The primary driver behind this remarkable growth is the increasing demand for liquidity management solutions among financial institutions, driven by heightened regulatory requirements and the need for efficient capital utilization.

The collateralized funding market is witnessing significant expansion due to the evolving landscape of global finance. Financial institutions are increasingly leveraging collateralized funding instruments such as repurchase agreements, securities lending, and collateralized loans to optimize balance sheet management and meet short-term liquidity needs. These instruments provide a secure mechanism for raising funds while mitigating credit risk, making them indispensable in today’s volatile financial environment. The proliferation of advanced risk management frameworks and the adoption of automated trading platforms have further accelerated the adoption of collateralized funding products, as institutions seek to enhance operational efficiency and reduce counterparty risk. Moreover, the shift towards more transparent and standardized collateral management practices has contributed to the overall growth and sophistication of the market.

Another major growth factor is the ongoing regulatory evolution in global financial markets. Post-2008 financial crisis reforms, such as Basel III and Dodd-Frank, have increased the emphasis on collateralization to ensure systemic stability and reduce credit exposure. These regulations have compelled banks, asset managers, and other financial intermediaries to adopt robust collateral management strategies, boosting demand for collateralized funding solutions. Additionally, the emergence of central clearing counterparties (CCPs) and the growing importance of high-quality liquid assets (HQLA) have spurred the use of government securities and other eligible instruments as collateral, further expanding the collateralized funding market. The need for compliance, transparency, and risk mitigation continues to drive innovation and investment in this sector.

Technological advancements are also playing a pivotal role in shaping the growth trajectory of the collateralized funding market. The integration of blockchain, artificial intelligence, and advanced analytics has revolutionized collateral management processes, enabling real-time monitoring, automated settlement, and enhanced transparency. These technologies facilitate seamless collateral optimization, reduce settlement times, and minimize operational risks, making collateralized funding products more attractive to a broad range of market participants. As financial institutions continue to digitize their operations and embrace fintech innovations, the collateralized funding market is set to benefit from increased efficiency, greater scalability, and improved risk-adjusted returns.

Regionally, North America continues to dominate the global collateralized funding market, accounting for the largest share in 2024, followed closely by Europe and Asia Pacific. The United States, with its deep and liquid capital markets, remains the epicenter of collateralized funding activity, driven by a mature financial ecosystem and a strong regulatory framework. Europe is also witnessing robust growth, fueled by regulatory harmonization and the increasing use of collateral in cross-border transactions. Meanwhile, Asia Pacific is emerging as a key growth engine, supported by rapid financial market development, regulatory reforms, and the rising participation of regional banks and asset managers in global collateralized funding markets. Latin America and the Middle East & Africa, while smaller in scale, are expected to experience steady growth as financial markets deepen and regulatory frameworks evolve.

Product Type Analysis

The collateralized funding market is segmented by product type into repurchase agreements (repos), securities lending, collateralized loans, and others. Repurchase agreements represent the largest share of the market, owing to their widespread use among banks and financial institutions for short-term liquidity management.

Graph and download economic data for Retail Money Market Funds (WRMFNS) from 1980-02-04 to 2025-11-03 about MMMF, retail, and USA.