Goldman Sachs and BNY Lead with Blockchain Money Market Fund Initiative
Main Idea
Goldman Sachs and Bank of New York Mellon (BNY) are leading a blockchain-based money market fund initiative, attracting attention from major financial institutions and highlighting the role of tokenization in financial services.
Key Points
1. Goldman Sachs and BNY Mellon have initiated a blockchain-based money market fund service, drawing interest from other key financial institutions.
2. Prominent entities like BlackRock, Fidelity Investments, and others are involved in this blockchain venture.
3. Teresa Ho from JPMorgan Chase emphasizes the versatility of blockchain-based funds for banks, asset managers, and payment systems.
4. The initiative underscores the growing potential of stablecoins and tokenization of real-world assets in the financial sector.
Description
JPMorgan noted a key partnership between Goldman Sachs and BNY in tokenized funds. The initiative could innovate financial products through blockchain technology. Continue Reading: Goldman Sachs and BNY Lead with Blockchain Money Market Fund Initiative The post Goldman Sachs and BNY Lead with Blockchain Money Market Fund Initiative appeared first on COINTURK NEWS .
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