Goldman Sachs and Bank of New York Mellon (BNY) will soon offer institutional investors access to tokenized money market funds with ownership recorded on Goldman’s blockchain platform.
Tokenized money market funds pay owners a yield, making it an attractive place for hedge funds, pensions and corporations to park their cash.
Tokenized assets can enable round-the-clock trading and automation that can accelerate speed and ease of use and in the future the digitized funds could be transferable between financial intermediaries without having to first liquidate funds into cash. https://www.cnbc.com/2025/07/23/goldman-sachs-bny-money-market-fund-digital-tokens.html #GoldmanSachs #BankofNewYorkMellon #BNY #digitalassets #Crypto #tokenizedassets #tokens #tokenizedfunds #moneymarketfunds #BlockChain