Particle.news

Download on the App Store

Goldman Sachs and BNY Mellon Launch Tokenized $7.1 Trillion Money Market Fund Shares on Blockchain

Leveraging newly regulated U.S. stablecoins, the initiative promises real-time settlements through digital tokens, laying the groundwork for cash transfers across financial intermediaries.

A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025.  REUTERS/Brendan McDermid/File Photo
Image
Image
Image

Overview

  • Goldman Sachs and BNY Mellon have launched tokenized share classes of money market funds on Goldman’s blockchain platform for institutional investors.
  • The offering includes funds from BlackRock, Fidelity Investments, Federated Hermes, as well as Goldman and BNY’s own asset management units.
  • The rollout leverages the newly enacted GENIUS Act, signed by President Trump in July, which created a regulatory framework for U.S. stablecoins.
  • Tokenization delivers real-time settlements and cuts operational frictions inherent in conventional money market transactions.
  • Executives say the digitized funds could eventually move between financial intermediaries without cash liquidation, enabling an interoperable digital cash ecosystem.