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Tokenized Money Market Funds Revolutionize Traditional Finance

Guavy AI Editorial Team
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The $7.1 trillion money market industry has taken a significant step towards digitization with the launch of tokenized access to money market funds by Goldman Sachs and Bank of New York Mellon.

The initiative allows institutional investors to purchase tokenized money market funds, with ownership recorded on Goldman's blockchain platform.

This development marks a major advancement in the digitization of traditional financial instruments, potentially reshaping how institutional investors manage liquidity and collateral.

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