CNBC·2025-07-23 11:35Core Insights - Goldman Sachs and Bank of New York Mellon are launching a platform for institutional investors to purchase tokenized money market funds, enhancing investment opportunities in the $7.1 trillion money market industry [1][3]. Group 1: Tokenization of Money Market Funds - Clients of BNY will invest in money market funds with ownership recorded on Goldman's blockchain platform, involving major fund companies like BlackRock and Fidelity Investments [2]. - The tokenization process is expected to facilitate seamless transactions and reduce friction compared to traditional markets, paving the way for a real-time digital ecosystem for money market funds [5]. Group 2: Market Implications - The tokenized money market funds will provide yields to owners, making them attractive for hedge funds, pensions, and corporations looking to manage cash [4]. - The recent signing of the GENIUS Act by President Trump is anticipated to increase the popularity of stablecoins, which could further influence the adoption of tokenized assets in financial transactions [3].