{"content":"🚀 Wall Street Embraces Tokenization—Institutional Shift Begins! 🔗📊 Goldman Sachs and BNY Mellon allegedly collaborated to provide institutional tokenized fund investments. The banks have hired BlackRock, Fidelity, and their asset management divisions for the initiative. A rising number of financial organizations are offering tokenized goods to customers. BNY Mellon and Goldman Sachs (GS) launched a cooperative endeavor to let BNY customers invest in money market funds and store ownership records on GS's blockchain system. BNY Mellon and Goldman Sachs announced a blockchain solution for money market funds (MMFs). BNY Mellon customers may invest in money market funds, and Goldman Sachs' DAP blockchain will maintain their ownership data. "As the financial system transitions toward a more digital, real-time architecture, BNY is committed to enabling scalable and secure solutions that shape the future of finance," said BNY Global Head of Liquidity, Financing, and Collateral Laide Majiyagbe in a tweet Wednesday. The asset management arms of BNY, Goldman, BlackRock, Fidelity Investments, and Federated Hermes will participate. Under current regulations, BNY will keep track of and settle the money and issue mirrored token representations on Goldman Sachs' DAP blockchain. "Using tokens representing the value of Money Market Fund shares on GS DAP® would unlock their utility as collateral and enable more seamless transferability in the future," said Goldman Sachs Global Head of Digital Assets Mathew McDermott. JPMorgan is also entering the tokenized market with Ondo Finance, after its blockchain business Kinexys' tokenized securities transfer testing. Since President Trump signed the GENIUS Act last Friday, stablecoin regulation has being pushed. #BTCvsETH #JPMorgan #TRUMP #TrumpBitcoinEmpire #CryptoMarket4T $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/23/d761f8ec7105319d63a5c697547aa5e1.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}