智通财经网·2025-07-24 00:59Core Insights - Goldman Sachs and BNY Mellon are set to announce a groundbreaking collaboration to create a new channel for professional investors to purchase tokenized money market funds [1] - The initiative aims to leverage blockchain technology to record fund ownership, allowing direct investment in money market funds [1] - The project has attracted top asset management firms including BlackRock, Fidelity, and Invesco, as well as the asset management subsidiaries of Goldman Sachs and BNY Mellon [1] Group 1: Tokenization and Market Impact - The tokenization of money market funds is seen as a significant milestone in the development of digital assets, especially following the recent signing of the GENIUS Act, which establishes a regulatory framework for stablecoins [1] - The tokenized money market funds can generate returns for holders, making them attractive to hedge funds, pension funds, and corporate cash management [1] - Approximately $2.5 trillion has been injected into money market funds since the Federal Reserve began its rate hike cycle in 2022, highlighting the growing interest in this asset class [1] Group 2: Technological Advancements - The collaboration will enable faster settlements, round-the-clock trading, and automation through the creation of digital ownership certificates for money market funds [2] - BNY Mellon will maintain traditional money market records alongside the tokenized assets to ensure a smooth transition [2] - The tokenization allows for direct transfers of digital funds between financial intermediaries without the need to convert to cash, enhancing their utility as collateral and margin for large transactions [2][3] Group 3: Efficiency and Practical Value - The vast scale of the market presents significant opportunities to enhance the efficiency of financial infrastructure [3] - Companies can transfer tokens instead of liquidating funds for transaction margins, thereby freeing up time and capital previously tied up in traditional trading processes [3]