Goldman Sachs and BNY Mellon have launched tokenized money market funds using blockchain technology, aiming to modernize the $7.1 trillion industry. The move brings traditional finance closer to digital assets, with support from heavyweights like BlackRock and Fidelity. By bringing these core financial instruments on-chain, major institutions are signaling a serious shift toward blockchain-based infrastructure, one that could redefine how short-term capital markets operate in the future.
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