07.24.25

Goldman and BNY Team Up To Tokenize Money Market Funds

by: Vicky Ge Huang

Goldman Sachs and BNY Mellon have partnered to launch tokenized versions of money market funds (MMFs). The initiative includes asset managers such as BlackRock, Fidelity, Federated Hermes and Goldman Sachs Asset Management. It aims to enhance efficiency, allow 24/7 trading and enable the use of fund shares as collateral.

Read the full article on The Wall Street Journal