Schroders has received approval from the Central Bank of Ireland to establish a tokenized share class for its US dollar money market fund, marking the company's first such product launch. The fund, named "Schroders Onchain Active Returns (SOAR)," aims to meet client interest in digital assets products and enhance fund operational efficiency. It will leverage JPMorgan Chase's Kinexys multi-chain tokenization system to process transactions such as redemptions and transfers.