Woah! @GoldmanSachs and @BNYglobal are partnering on tokenized funds. cc @TACoalition @itsjawknee___ 🏦 What’s happening? Goldman Sachs and BNY Mellon are partnering to launch tokenized money-market funds on a blockchain platform. Institutional clients of BNY—like hedge funds, pension plans, and corporate treasurers—will be able to hold and trade these digitally tokenized fund shares in near real-time, with ownership recorded directly on Goldman’s private ledger. 💲 Why it matters: •Yield generation: Unlike stablecoins, these money-market fund tokens earn interest, making them a more attractive on-chain reserve. •Faster settlement: Transfers and settlements move from days to potentially minutes, slashing operational costs and enhancing efficiency. 🔗 Industry buy-in & ecosystem build-out: Major asset managers like BlackRock, Fidelity, and Federated Hermes are already backing the initiative. It builds on a broader institutional push toward tokenization—particularly following the recent GENIUS Act, which provided regulatory clarity on stablecoins and digital assets. 🚧 Challenges ahead: Although tokenized funds offer promise, widespread adoption depends on evolving regulations, operational integration, and proving cost-benefit over traditional models. Plus, inter-network integration (especially across borders) needs work to establish governance standards. 📈 Context in the market: This move reflects a broader trend: in the first half of 2025, assets in tokenized treasury and money market products surged ~80% to around $7.4 billion—driven largely by crypto traders seeking yield and liquidity beyond stablecoins.