Wall Street Giants Goldman Sachs & BNY Mellon Launch Tokenized Money Market Funds

Goldman Sachs and BNY Mellon have forged a strategic partnership to bring tokenized money market funds (MMFs) to institutional investors. The collaboration leverages blockchain technology to enable real-time settlement and enhanced transferability of fund shares.

The tokenized MMFs will be accessible through BNY Mellon's LiquidityDirect platform and integrated with Goldman Sachs' Digital Asset Platform (DAP). This infrastructure allows for the issuance of mirrored digital tokens that represent real MMF shares, with on-chain tracking and synchronization to BNY Mellon's custodial records.

The MOVE signals growing institutional adoption of tokenization, with BlackRock and Fidelity also participating in the rollout. Blockchain-based settlement eliminates traditional friction points in fund trading, offering investors unprecedented efficiency.