No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, October 4, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Markets

Goldman Sachs, BNY introduce money market fund digital tokens

by TheAdviserMagazine
2 months ago
in Markets
Reading Time: 2 mins read
A A
Goldman Sachs, BNY introduce money market fund digital tokens
Share on FacebookShare on TwitterShare on LInkedIn


A screen displays the the company logo for Goldman Sachs on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025.

Brendan McDermid | Reuters

Goldman Sachs and Bank of New York Mellon are set to announce that they’ve created the ability for institutional investors to purchase tokenized money market funds, CNBC has learned.

Clients of BNY, the world’s largest custody bank, will be able to invest in money market funds whose ownership will be recorded on Goldman’s blockchain platform, according to executives of the two firms.

The project has already signed up fund titans including BlackRock, Fidelity Investments and Federated Hermes, as well as the asset management arms of Goldman and BNY.

The Wall Street giants believe that tokenizing the $7.1 trillion money market industry is the next leap forward for digital assets after President Donald Trump last week signed a law marking the arrival of U.S.-regulated stablecoins. The GENIUS Act is expected to boost the popularity and use of stablecoins, which are typically pegged to the U.S. dollar, and JPMorgan Chase, Citigroup and Bank of America have said they are exploring their use in payments.

But unlike stablecoins, tokenized money market funds pay owners a yield, making it an attractive place for hedge funds, pensions and corporations to park their cash.

“We have created the ability for our clients to invest in tokenized money market share classes across a number of fund companies,” said Laide Majiyagbe, BNY’s global head of liquidity, financing and collateral. “The step of tokenizing is important, because today that will enable seamless and efficient transactions, without the frictions that happen in traditional markets.”

The banks view it as setting the foundation for a future in which money market funds are traded in a real-time, always-on digital ecosystem. But tokenizing the asset class gives the funds new capabilities beyond speed and ease of use; the digitized funds could eventually be transferable between financial intermediaries without having to first liquidate funds into cash, according to BNY and Goldman.

This story is developing. Please check back for updates.



Source link

Tags: BNYDigitalfundGoldmanintroducemarketMoneySachstokens
ShareTweetShare
Previous Post

Hasbro (HAS) Q2 2025 Earnings: Key financials and quarterly highlights

Next Post

General Dynamics (GD) Earnings: 2Q25 Key Numbers

Related Posts

edit post
Bitcoin rallies to within 1% of all-time high, gaining safe-haven status during shutdown

Bitcoin rallies to within 1% of all-time high, gaining safe-haven status during shutdown

by TheAdviserMagazine
October 4, 2025
0

Bitcoin rallied on Friday to within striking distance of its record high as the U.S. government's shutdown entered its third...

edit post
U.S., Europe brands take on the Chinese consumer

U.S., Europe brands take on the Chinese consumer

by TheAdviserMagazine
October 3, 2025
0

Pictured here is Louis Vuitton's new cruise ship-shaped store in Shanghai, China, on June 28, 2025.Bloomberg | Bloomberg | Getty...

edit post
Now This Common Supplement May Slow Aging, Too

Now This Common Supplement May Slow Aging, Too

by TheAdviserMagazine
October 3, 2025
0

puhhha / Shutterstock.comResearchers have identified a common supplement that can slow aging. It may even be in your medicine cabinet...

edit post
Chicago Fed President Goolsbee ‘a little wary’ about cutting interest rates too quickly

Chicago Fed President Goolsbee ‘a little wary’ about cutting interest rates too quickly

by TheAdviserMagazine
October 3, 2025
0

Chicago Federal Reserve President Austan Goolsbee said Friday he's leery of cutting interest rates too quickly as threats increase both...

edit post
3 Trump Tax Cuts That Democrats Want to Expand Even More

3 Trump Tax Cuts That Democrats Want to Expand Even More

by TheAdviserMagazine
October 3, 2025
0

Pla2na / Shutterstock.comIt is a rare day when President Donald Trump and congressional Democrats agree on a big issue. But...

edit post
Innovation pipeline, portfolio in focus ahead of Johnson & Johnson’s Q3 earnings

Innovation pipeline, portfolio in focus ahead of Johnson & Johnson’s Q3 earnings

by TheAdviserMagazine
October 3, 2025
0

For Johnson & Johnson (NYSE: JNJ), 2025 has been a strong year, marked by an impressive financial performance that drove...

Next Post
edit post
General Dynamics (GD) Earnings: 2Q25 Key Numbers

General Dynamics (GD) Earnings: 2Q25 Key Numbers

edit post
Does Alight (ALIT) Have Growth Opportunities?

Does Alight (ALIT) Have Growth Opportunities?

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Hollywood & Three Movies | Armstrong Economics

Hollywood & Three Movies | Armstrong Economics

0
edit post
Calls Lifted In 6K–5K Range

Calls Lifted In $136K–$145K Range

0
edit post
Vedanta Q2 Update: Record aluminum, alumina production; Zinc India delivers best-ever mined metal output

Vedanta Q2 Update: Record aluminum, alumina production; Zinc India delivers best-ever mined metal output

0
edit post
What One Big Move Can Do to Lower Your Monthly Cost of Living

What One Big Move Can Do to Lower Your Monthly Cost of Living

0
edit post
Bitcoin rallies to within 1% of all-time high, gaining safe-haven status during shutdown

Bitcoin rallies to within 1% of all-time high, gaining safe-haven status during shutdown

0
edit post
Jeff Bezos agrees with OpenAI’s Sam Altman: We’re in an AI bubble. But Amazon’s founder says the benefits will be ‘gigantic’

Jeff Bezos agrees with OpenAI’s Sam Altman: We’re in an AI bubble. But Amazon’s founder says the benefits will be ‘gigantic’

0
edit post
What One Big Move Can Do to Lower Your Monthly Cost of Living

What One Big Move Can Do to Lower Your Monthly Cost of Living

October 4, 2025
edit post
Calls Lifted In 6K–5K Range

Calls Lifted In $136K–$145K Range

October 4, 2025
edit post
Vedanta Q2 Update: Record aluminum, alumina production; Zinc India delivers best-ever mined metal output

Vedanta Q2 Update: Record aluminum, alumina production; Zinc India delivers best-ever mined metal output

October 4, 2025
edit post
Jeff Bezos agrees with OpenAI’s Sam Altman: We’re in an AI bubble. But Amazon’s founder says the benefits will be ‘gigantic’

Jeff Bezos agrees with OpenAI’s Sam Altman: We’re in an AI bubble. But Amazon’s founder says the benefits will be ‘gigantic’

October 4, 2025
edit post
Bitcoin rallies to within 1% of all-time high, gaining safe-haven status during shutdown

Bitcoin rallies to within 1% of all-time high, gaining safe-haven status during shutdown

October 4, 2025
edit post
FLOKI Makes History With First ETP in Europe as Price Surges 30%

FLOKI Makes History With First ETP in Europe as Price Surges 30%

October 4, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • What One Big Move Can Do to Lower Your Monthly Cost of Living
  • Calls Lifted In $136K–$145K Range
  • Vedanta Q2 Update: Record aluminum, alumina production; Zinc India delivers best-ever mined metal output
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.