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Goldman Sachs and BNY Collaborate to Digitize $7.1 Trillion Money Market

1 min read
Source: CNBC
Goldman Sachs and BNY Collaborate to Digitize $7.1 Trillion Money Market
Photo: CNBC
TL;DR

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-newsbusiness#bny-mellon#business#digital-assets#financial-innovation#goldman-sachs#tokenized-money-market-funds
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Goldman Sachs and BNY join forces to transform $7.1 trillion money market industry with digital tokens  CNBC

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