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The screen shows a company logo for Goldman Sachs on the floor on the New York Stock Exchange (NYSE) in New York, USA, May 7, 2025.
Brendan McDerdia | Reuters
Goldman Sachs and Bank of New York Mellon CNBC reported that they had created the opportunity for institutional investors to acquire markers market funds.
According to the executives of two firms, BNY clients, the world’s largest custody bank, will be able to invest in monetary market funds whose property is recorded on the Blockchain Goldman platform.
The project has already signed the Titans of the Fund, including Black. Fidelity Investment and Federal Hermesas well as weapons of asset management Goldman and BNY.
Giants Wall -Rate believe that tokenization 7.1 trillion. Monetary Market Industry – Next jump forward for digital assets after the president Donald Trump Last week, he signed a law noting the arrival of stable US stabilities. A brilliant act is await To increase popularity and use stable prices that are usually attached to the US dollar and Jpmorgan chaseCitigroup and Bank of America said they are Study their use In payments.
But unlike Stablecoins, the money market token is paid by the owners of profitability, making it an attractive place for hedge funds, pensions and corporations to parked their money.
“We have created an opportunity for our customers to invest in the cash market’s share in a number of funds,” said Loud funGlobal Head of Liquidability, Financing and BNY. “The treatment stage is important because today it will allow uninterrupted and effective operations without friction that take place in traditional markets.”
Monetary Market Funds are mutual funds that are usually stacked in safer, short-term securities, including Treasury, reproach or commercial work. Usually they are considered the most money as investments that are still profitable. Traditional money market funds can be eliminated throughout the day or two, although redemption stocks occur only during the market.
Institutional and retail investors in recent years rushed to asset class, approximately pouring 2.5 trillion dollars They have since the federal reserve system began a cycle that lives in 2022.
The best future?
Creating digital ownership certificates on funds on the blockchain, the Goldman and BNY moves to ensure a faster settlement, round -the -clock trade and automation. To facilitate the transition, BNY will also store a traditional money market, except tokens of the same assets.
Banks view tokenized funds as creating a base for a future in which assets are traded in a more efficient, always on a digital ecosystem. Investors and corporations can rely on stable payments for world payments and token money market for cash management.
But the treatment class of assets provides means new opportunities outside speed and ease of use; According to Bnny and Goldman, digitized funds can be transferred between financial intermediaries without having to eliminate funds for cash.
This can strengthen the use of tokenized funds in the world’s largest financial players as a collateral for many requirements Matthew McDermot, Global Digital Assets Goldman.
It will free the time and capital that is being consumed today by traditional operations, he said. Instead of investors and corporations selling a cash market to deliver a cash pledge for trading, they could just share a token, for example.
“The most scale in this market simply gives a huge opportunity to create much more efficiency for the entire financial plumbing,” Mcademot said. “This is what really is powerful because you create a utility in a tool where it does not exist today.”
