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Breaking: Goldman Sachs & BNY Mellon Launch Tokenized Money Market Funds—Wall Street Finally Gets Crypto

Breaking: Goldman Sachs & BNY Mellon Launch Tokenized Money Market Funds—Wall Street Finally Gets Crypto

Author:
CoindeskEN
Published:
2025-07-23 14:42:35
19
3

Goldman Sachs and BNY Mellon Team Up for Tokenized Money Market Funds

Wall Street giants Goldman Sachs and BNY Mellon just dropped a bombshell—they’re teaming up to tokenize money market funds. Because nothing says 'innovation' like legacy banks playing catch-up with blockchain.

### The Tokenization Gamble

Forget Bitcoin ETFs—this is where the real institutional money’s flowing. Tokenized funds mean faster settlements, 24/7 trading, and a middle finger to the old-world plumbing of finance. Too bad it took them a decade to figure it out.

### Why This Matters

When two of the world’s largest custody banks dive into crypto infrastructure, it’s not a trend—it’s a surrender. The ‘not your keys, not your coins’ crowd just lost another talking point.

### The Fine Print

Expect heavy KYC gates, whitelisted wallets, and enough compliance paperwork to choke a DeFi protocol. But hey—at least they’re not calling it ‘Web3’.


Closer:
Watch the suits race to rebrand slow-motion blockchain adoption as ‘disruption’. Meanwhile, Ethereum’s validators are laughing all the way to the (decentralized) bank.

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