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Deployments · platform by J.P. Morgan

Schroders Onchain Active Returns (SOAR) tokenised money market fund share classNew

Schroders' first tokenised fund: a digital-twin share class of a US dollar money market fund in its Irish Schroders Funds ICAV, approved by the Central Bank of Ireland in August 2026. J.P. Morgan, already the ICAV's transfer agent, tokenises the class on its Kinexys multi-chain platform, and smart contracts are to handle redemptions and transfers between Schroders' clients, with collateral use and round-the-clock treasury management named as later uses. No launch date, ledger or fund size had been published by October 2026.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Announced since 6 Aug 2026[1] — Regulatory approval only; no evidence of tokens issued. · Reviewed 13d ago

Assets
Fund interest[1]
Tokenised share class of a US dollar money market fund
Networks
Unknown ledger Not disclosed[2]
Described only as Kinexys's multi-chain platform; no ledger named.
Use cases
Fund subscription and redemption[2]Secondary trading[1]Collateral mobility[1]
Jurisdictions
Ireland

Participants

Likely relevant regulation

Timeline

  1. Happened 6 Aug 2026 · Regulatory approval · recorded 17 Oct 2026
    The Central Bank of Ireland approves Schroders to issue SOAR, a tokenised share class of a US dollar money market fund, with Kinexys as tokenisation partner.[1][2]

Sources

  1. [1]Schroders receives approval for first tokenized MMF share class — Ledger Insights, 6 Aug 2026. Accessed 17 Oct 2026. Paywalled after the opening; underlying fund not named in the open part..C
  2. [2]Schroders receives Irish approval for tokenised money market fund — Crypto Briefing, 10 Aug 2026. Accessed 17 Oct 2026.C
  3. [3]Schroder Funds ICAV Annual Report and Audited Financial Statements 30 September 2025 — Schroder Funds ICAV, 30 Sep 2025. Accessed 28 Oct 2026. Covers the ICAV's three sterling money market funds; the SOAR US dollar fund came later, so its own providers are inferred from the ICAV-level appointments..A

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