Goldman Sachs and BNY Mellon launch tokens linked to money market fund shares

31.07.2025

Goldman and BNY announced digital tokens that mirror ownership of money market fund shares. The goal is to make these instruments more operationally efficient for institutions — improving record-keeping, collateral use, and potentially reducing settlement friction. The initiative reflects a broader trend: large financial firms using blockchain as a modernization layer for traditional market plumbing rather than as a wholesale replacement for existing systems.