The post Goldman Sachs and BNY Mellon Tokenize Money Market Funds appeared first on Coinpedia Fintech News
Goldman Sachs and BNY Mellon have launched tokenized money market funds using blockchain technology, aiming to modernize the $7.1 trillion industry. The move brings traditional finance closer to digital assets, with support from heavyweights like BlackRock and Fidelity. By bringing these core financial instruments on-chain, major institutions are signaling a serious shift toward blockchain-based infrastructure, one that could redefine how short-term capital markets operate in the future.