{"id":1548591,"date":"2025-07-23T14:45:00","date_gmt":"2025-07-23T18:45:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1548591"},"modified":"2025-07-23T14:45:00","modified_gmt":"2025-07-23T18:45:00","slug":"goldman-sachs-bny-to-offer-tokenized-money-market-funds-for-clients","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/goldman-sachs-bny-to-offer-tokenized-money-market-funds-for-clients\/1548591\/","title":{"rendered":"Goldman Sachs, BNY To Offer Tokenized Money-Market Funds For Clients"},"content":{"rendered":"

Goldman Sachs, BNY To Offer Tokenized Money-Market Funds For Clients<\/span><\/p>\n

\n

Authored by Amin Haqshanas via CoinTelegraph.com,<\/em><\/a><\/p>\n

Wall Street giants Goldman Sachs and BNY are preparing to offer institutional investors access to tokenized money market funds, which could unlock real-time settlement, 24\/7 market access and more efficiencies across capital markets.<\/p>\n

<\/a><\/p>\n

Clients of BNY, the world\u2019s largest custodian bank, will soon be able to invest in money market funds whose ownership is recorded directly on Goldman Sachs\u2019 private blockchain,\u00a0according<\/a>\u00a0to a Wednesday news release.<\/p>\n

\u201cAs the financial system transitions toward a more digital, real-time architecture, BNY is committed to enabling scalable and secure solutions that shape the future of finance,\u201d said Laide Majiyagbe, global head of liquidity, financing and collateral at BNY.<\/p>\n

The initiative includes participation from industry heavyweights including BlackRock, Fidelity Investments and Federated Hermes, along with the asset management arms of Goldman and BNY, per the release.<\/p>\n

<\/a><\/p>\n

Money market fund tokens. Source:\u00a0<\/em>Copper.co<\/em><\/a><\/p>\n

Ban on interest-bearing stables to spur growth in tokenized funds<\/h2>\n

The development comes on the heels of the newly signed GENIUS Act, which established a regulatory framework for stablecoins in the US. The bill, passed last week\u00a0with more than 300 House votes<\/a>, bans interest-bearing stablecoins.<\/p>\n

In contrast,\u00a0tokenized money market funds<\/a>\u00a0offer yield, giving hedge funds, pensions and corporations a new tool to manage idle cash with minimal volatility.<\/p>\n

In a report last month, Moody\u2019s\u00a0revealed that tokenized short-term funds<\/a>\u00a0have grown to $5.7 billion in assets since 2021 amid\u00a0growing interest from traditional asset managers, insurers and brokerages looking to offer clients access between fiat and digital markets.\u00a0<\/p>\n

Typically backed by US Treasurys or other low-risk instruments, these funds function like traditional money market funds but leverage blockchain to issue fractional shares and enable real-time settlement.<\/p>\n

Race to bring capital markets on blockchain is on<\/h2>\n

Earlier this month, Robinhood CEO Vlad Tenev\u00a0detailed plans for<\/a>\u00a0\u201cRobinhood Chain,\u201d an Ethereum-compatible\u00a0layer 2 on Arbitrum Orbit<\/a>. The blockchain will let users trade tokenized derivatives of stocks directly on the blockchain, moving asset trading outside traditional exchange hours.<\/p>\n

In a July 4 report, Galaxy Digital\u00a0said\u00a0Robinhood\u2019s tokenization move removes assets from traditional market channels and brings them onchain, directly\u00a0challenging the concentrated liquidity and activity<\/a>\u00a0that give major TradFi exchanges like the NYSE their edge.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 07\/23\/2025 – 10:45<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/crypto\/goldman-sachs-bny-offer-tokenized-money-market-funds-clients<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Goldman Sachs, BNY To Offer Tokenized Money-Market Funds For Clients Authored by Amin Haqshanas via CoinTelegraph.com, Wall Street giants Goldman Sachs and BNY are preparing…<\/p>\n","protected":false},"author":0,"featured_media":1548592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1548591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1548591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1548591"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1548591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1548592"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1548591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1548591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1548591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}