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by thedudeabides5 2050 days ago
https://www.applicoinc.com/blog/ant-financial-services-platf...

Says they have a $250bn mutual fund.

Sorry but even if it's a liability (in this case the deposit that ends up in the money market fund) that's technically...on balance sheet. You can pretend it's in a WMP, or a NCD or whatever alphabet soup you want, but if someone thinks of it as an "Ant deposit"...that's on balance sheet.