Goldman Sachs and BNY Mellon Team Up for Tokenized Money Market Funds (CoinDesk)
Quantum Insider
“The Wall Street banking giants are joining a growing roster of traditional financial firms to offer tokenized versions of assets.
Bank of New York Mellon and Goldman Sachs are debuting tokenized money market funds as digital asset adoption grows.
BNY will begin offering tokenized versions of money market fund shares via its LiquidityDirect platform, with transactions recorded on Goldman Sachs' blockchain.
The market for tokenized money market funds is rapidly growing as institutions explore blockchain rails to streamline settlements and asset management.
