Goldman Sachs and Bank of New York Mellon jointly launch money market fund tokenization program

Odaily News Goldman Sachs and Bank of New York Mellon (BNY Mellon) have partnered to launch a blockchain-based money market fund tokenization solution. BNY customers can now invest in tokenized money market funds through the Goldman Sachs platform, and their holdings are recorded on the chain. The project has attracted large asset management institutions such as BlackRock, Fidelity, and Federated Hermes to participate, aiming to build a real-time, low-friction digital financial infrastructure. (CNBC)