Goldman Sachs and BNY Mellon Tokenize Money Market Funds
Goldman Sachs and BNY Mellon are spearheading the modernization of the $7.1 trillion money market industry by launching tokenized funds on blockchain technology. This MOVE bridges traditional finance with digital assets, backed by institutional giants like BlackRock and Fidelity.
The adoption of blockchain for Core financial instruments signals a structural shift in short-term capital markets. By bringing these assets on-chain, major players are laying the groundwork for a more efficient, transparent, and interoperable financial infrastructure.