BNY Taps Goldman Tech To Tokenize Traditional Finance—BlackRock, Fidelity Join In

Goldman Sachs (NYSE:GS) and BNY (NYSE:BK) have introduced a blockchain-powered system to issue digital tokens that mirror shares of money market funds, marking a significant step toward the tokenization of traditional financial assets in the United States.

As part of this initiative, institutional investors can now subscribe to select money market funds via BNY’s LiquidityDirect platform, with mirror tokens issued using Goldman Sachs’ GS DAP® blockchain infrastructure.

These digital representations will reflect the corresponding value of investors’ holdings and allow enhanced visibility, programmability, and potential future transferability of fund shares.

The launch …

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