Axiology taps VIALET to put tokenised money funds behind €6B in payments
What's the deal? Lithuanian capital markets infrastructure provider AxiologyDealroom has a profile for this one. Try Dealroom → has partnered with Vilnius-based electronic money institution VIALETDealroom has a profile for this one. Try Dealroom → to let it use tokenised money market funds (MMFs) for client fund safeguarding and treasury management. VIALET manages roughly €150 million in assets and processes €6 billion in gross payment volume over the trailing 12 months. It currently safeguards client funds through bank accounts and investment-grade government bonds.
What's the endgame? Through Axiology's infrastructure, VIALET gains access to eligible tokenised MMFs. That lets it diversify exposure beyond individual banks, improve liquidity management, and earn a return on the assets it holds.
What could go wrong? Standard MMF redemption cut-offs can clash with round-the-clock e-commerce and strict daily payment settlement deadlines — a problem tokenisation alone does not solve. Axiology addresses this through a separate arrangement with an eligible liquidity provider, giving intraday access to cash without changing the funds' redemption terms.
Why now? Tokenised MMFs are gaining ground in institutional finance. The European Central Bank says the global market grew by roughly 110% in 2025, reaching around €7 billion by February 2026.
Axiology operates a regulated DLT Trading and Settlement System under the EU DLT Pilot Regime, giving VIALET digital securities infrastructure within Lithuania's regulatory framework. "By pairing regulated money market instruments with intraday liquidity provider under one roof, institutions can diversify their safeguarding arrangements without adding unnecessary operational complexity," said Marius Jurgilas, chief executive officer of Axiology.
Mantas Staliūnas, chief executive officer of VIALET, said it set "four non-negotiable requirements: same-day liquidity, high asset quality, regulatory clarity and lean operations." He added that, as a Vilnius-headquartered firm, VIALET wants to "build with Lithuanian innovators."
The signal: The deal is a concrete use case for tokenisation beyond traditional securities markets — but it is an adoption signal, not yet evidence of broad change in how the payments sector safeguards client money.
Read more: mondovisione.com
Image credit: Axiology
