Goldman Sachs Plans 24/7 Tokenized Treasuries and Money Market Trading

Goldman Sachs is advancing plans to enable round-the-clock trading of tokenized U.S. Treasuries and money market fund shares, according to Mathew McDermott, the firm’s global head of digital assets. The initiative, announced during TOKEN2049 in Dubai, underscores Wall Street’s accelerating push to bridge traditional finance with blockchain infrastructure.

The bank’s digital assets division already operates a crypto derivatives desk and has three tokenization projects slated for 2025 launch. These include its debut U.S. fund tokenization and a euro-denominated digital bond—moves that capitalize on growing institutional demand for on-chain exposure to conventional collateral.

Tokenized money market funds have crossed $1 billion in assets under management, with McKinsey projecting the sector could reach $2 trillion by 2030. Early liquidity providers like BlackRock, Franklin Templeton, and Web3-native firms are creating a foundation for tokenized collateral markets to flourish.