365Crypto
Two major Wall Street players are diving deeper into crypto-style finance.
Goldman Sachs and BNY Mellon will soon let institutional clients invest in tokenized money market funds. This means 24/7 access, faster settlement, and more transparency.
BNY, the biggest custodian bank in the world, is working with Goldman to put fund ownership records directly on a private blockchain. No more middlemen.
🧠 Money market funds are low-risk investments, often backed by U.S. Treasury bills. Tokenizing them means fractional shares, real-time trades, and less friction.
Laide Majiyagbe from BNY said they’re building tools for a “real-time financial future.” Sounds futuristic—but it’s already here.
And they’re not alone.
The project includes big names like BlackRock, Fidelity, and Federated Hermes, plus the asset management teams at both Goldman and BNY.
💡 Why now?
The U.S. just passed the GENIUS Act, banning interest-bearing stablecoins. That opened the door for tokenized funds, which offer yield and stay within the rules.
📈 Moody’s says tokenized short-term funds hit $5.7 billion in assets since 2021. That number’s climbing fast.
Funds like these let hedge funds and corporations park their cash in digital markets without worrying about wild price swings.
Meanwhile, platforms like Robinhood are launching their own blockchains. Robinhood Chain will let people trade tokenized stocks directly—no middlemen, no closing bell.
TradFi meets DeFi. And the race is officially on.
