Major Banks Partner to Tokenize Money Market Funds and Treasuries
The latest in this situation
How it started
What happened
Goldman Sachs and The Bank of New York Mellon partnered to support the tokenization of financial assets and money market funds using blockchain technology. This collaboration allows institutional investors to trade these assets 24/7. BlackRock is also participating in the launch, and currently, there are about $6.75 billion in tokenized US Treasuries, bonds, and cash equivalents.
From Investopedia, Yahoo Finance
Why it matters
Financial firms are digitizing traditional assets like money market funds and US Treasuries. This shift aims to increase raw efficiency, potentially reducing the time and costs associated with transferring interest-bearing cash instruments. Proponents note that these tokenized assets could serve as collateral within the crypto world.
From Yahoo Finance
Who's involved
- Goldman SachsPartnered with The Bank of New York Mellon to tokenize financial assets.
- The Bank of New York MellonPartnered with Goldman Sachs to tokenize money market funds and manage records.
- BlackRockParticipating in the launch of tokenized products, including BUIDL.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Goldman SachsSpeculative
The firm might see reduced costs for transferring interest-bearing cash instruments through new digital platforms.
- The Bank of New York MellonSpeculative
The bank might see reduced costs for transferring interest-bearing cash instruments through new digital platforms.
- BlackRockSpeculative
Cryptocurrency exchanges could potentially use shares of tokenized money market funds as collateral for loans.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- BlackRock's tokenization push may boost Ethereum's institutional utilityEthereum's institutional utility may increase as banks launch tokenized fundsLikely
- Tokenized asset launches may force SEC to update oversight rulesThe SEC may need to update frameworks to govern tokenized financial productsPossible
- FactSet may need to adapt to tokenized money market fundsFactSet may need to adapt its benchmarks to track tokenized money market funds.Possible
- Circle may gain from institutional push into tokenized money marketsCircle may benefit from institutional push into tokenized money marketsPossible
How it developed
Newest first. Tap a step to see who reported it.- BlackRock and Citadel Securities are testing tokenized U.S. Treasuries for financing purposes.Sub-event
- Major financial institutions are partnering to develop and participate in tokenized asset markets and money market funds.Sub-event
- Ripple, JPMorgan Chase, and Santander Group joined a taskforce focused on developing digital markets and tokenized assets.Sub-event
- Ark Invest and BlackRock are partnering with tokenization specialist Securitize, with their assets being tracked in options markets.Sub-event
- Major financial institutions partnered to create a tokenized real estate fund using a London digital asset platform and Bermuda fund administration.Sub-event
- Financial firms like BlackRock, Kraken, and Robinhood are expanding into tokenized assets and digital money market strategies across Europe.Sub-event
Major banks and asset managers are launching tokenized Treasury products and money market funds.1 source
Keep exploring
The entities involved
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Goldman Sachs
American investment bank
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BlackRock
American multinational investment management corporation
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The Bank of New York Mellon
American investment banking services holding company
Nothing else this week.
Related events
- Goldman Sachs, Morgan Stanley, and Wells Fargo are adopting tokenization and eyeing growth in the sector.
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- Goldman Sachs and Bank of America analyzed current market trends and wealth distribution on October 7, 2026.
- Goldman Sachs and PJT Partners are noted as investment banking peers, alongside discussion of Nvidia's specialized infrastructure needs.
Coverage
Newest first; wire copies grouped- InvestopediaGoldman Sachs, BNY Mellon Step into Tokenized Money Market Funds The nation's oldest bank and a big Wall Street firm are wading into tokenization, joining a growing number of money managers experimen
- Yahoo FinanceAlexander Hamilton's bank, Goldman Sachs embrace digital tokens to trade money markets 24/7 Goldman Sachs (GS) and the Bank of New York Mellon (BK) are teaming up to make it easier for institutional