Goldman Sachs and Bny Mellon come together to tokenizar funds from the money market

By Hannah Pérez

Goldman Sachs and Bny Mellon revolutionize the traditional market with the launch of a new tokenized offer. Investors will be able to access tokens in blockchain that represent funds from the money market.

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• Goldman Sachs and Bny Mellon revolutionize the market with tokenization.
• They will offer tokens in blockchain that represent funds from the money market.
• Blackrock and Fidelity Investments are some of those who will participate in the launch.
• A fusion signal of traditional finance with digital assets and blockchain.

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Wall Street giants, Goldman Sachs and Bny MellonThey are joining ties to offer institutional investors access to tokenized funds in the money market.

Both banks announced on Wednesday the initiative, which will mean the launch of digital tokens that reflect the actions of the money market funds, which could unlock a new era for traditional finances and its fusion with technology Blockchain.

As part of the collaboration, Bny Mellon will take advantage of the platform Blockchain deprived of Goldman Sachs To maintain a registration of the property of customer investments, including coverage funds, pensions and corporate treasurers.

The clients of Bnythe largest custody bank in the world, can invest in monetary market funds (FMM), but instead of doing it in the traditional way, they would do it through tokens in a block chain, which could potentially allow real -time settlements, offering 24/7 access and provide greater efficiency to capital markets.

The marking initiative “The first time in the US that the fund managers allow the subscription of actions of their FMM”On a digital asset platformbank partners said in a press release.

Advantages of Tokenizar The Mondary Market

An FMM is a type of mutual investment fund that seeks to preserve capital and provide stable income through investment in low -risk financial instruments and high liquidity, such as short -term government bonds, deposit certificates, treasure letters and short -term corporate debt. They are generally considered the most effective investments that still offer yield.

Traditional monetary market funds can be settled in one or two days, although the exchange of shares only occurs during market hours, which is a disadvantage against its tokenized version.

“The use of tokens that represent the value of the actions of the money market funds […] It would allow us to unlock its usefulness as a warranty form and open a more fluid transferability in the future”, He explained Mathew McDermott, Global Director of Digital Assets of Goldman Sachs, In the statement.

The project of Bny and Goldman Sachs has already attracted funds of funds, including Blackrock, Federated Hermes, Fidelity Investmentswhich has been announced will participate in the initial launch of the new tokenized offer.

A bridge between traditional finance and blockchain

Development occurs at a time when regulations in the United States are changing to pave the path of financial innovation. Last week, President Donald Trump signed the Genius Law, which establishes a regulatory framework for the stablecoins and marks the arrival of the tokens class with fiduciary parity to the US. UU.

Banking giants like JPMorgan Chase, Citigroup and Bank of America They have said that they explore the Stablecoins For payments.

These recent ads, including the last project of Bny and GoldmanThey are a reflection of the increasingly accelerated efforts of financial institutions to integrate with emerging technology in the fusion of traditional digital assets and finance.

In this regard, Laide Majiyagbe, Global Director of Liquidity, Financing and Guarantees of Bnysaid that collaboration with Goldman Sachs highlights the role of Bny Mellon Like a “reliable bridge between traditional finances and emerging technologies – Empowering customers to navigate this transformation with confidence”

As the financial system advances towards a more digital and real -time architecture, BNY undertakes to allow scalable and safe solutions that shape the future of finance.

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Hannah Estefanía Pérez / Diariobitcoin

Image generated with AI tool, under free use license

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