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BTCC / BTCC Square / Global Cryptocurrency /
Goldman Sachs and BNY Mellon Pioneer Blockchain-Based Money Market Funds

Goldman Sachs and BNY Mellon Pioneer Blockchain-Based Money Market Funds

Author:
Global Cryptocurrency
Published:
2025-07-29 22:17:02
6
3
BTCCSquare news:

Goldman Sachs and Bank of New York Mellon (BNY) are spearheading a transformative initiative in tokenized money market funds, leveraging blockchain technology to enhance efficiency and transparency. The collaboration, highlighted by JPMorgan Chase, has drawn participation from major asset managers including BlackRock, Fidelity, and Federated Hermes.

Tokenization of traditional financial instruments like money market funds represents a significant leap in institutional adoption of blockchain. The platform promises faster settlements and broader accessibility, signaling growing confidence in real-world asset (RWA) tokenization among Wall Street giants.

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