Goldman Sachs and BNY Collaborate to Digitize $7.1 Trillion Money Market
TL;DR Summary
Goldman Sachs and BNY Mellon are collaborating to tokenize the $7.1 trillion money market industry, allowing institutional investors to buy tokenized funds on a blockchain platform, which aims to increase efficiency and enable new transfer capabilities, with major clients like BlackRock and Fidelity already on board.
Topics:top-news#bny-mellon#business#digital-assets#financial-innovation#goldman-sachs#tokenized-money-market-funds
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