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Goldman Sachs, BNY Mellon Launch Tokenized Money-Market Funds

7/26/2025

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Summary

Story summary

Goldman Sachs and BNY Mellon are introducing tokenized money-market funds to compete with stablecoins.
BlackRock and Fidelity are key players, overseeing nearly 50% of the taxable money-market fund market.
Institutional investors can utilize tokenized shares as collateral, enhancing liquidity management.
This initiative supports the GENIUS Act, which encourages blockchain integration in the financial sector.

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Story summary

Goldman Sachs and BNY Mellon are introducing tokenized money-market funds to compete with stablecoins.
BlackRock and Fidelity are key players, overseeing nearly 50% of the taxable money-market fund market.
Institutional investors can utilize tokenized shares as collateral, enhancing liquidity management.
This initiative supports the GENIUS Act, which encourages blockchain integration in the financial sector.