Money Funds Take Major Leap in Tokenization Deal, JPMorgan Says-JPMorgan calls Goldman Sachs and BNY Mellon tokenization initiatives a “significant leap forward” for money funds-they highlight tokenized money funds can be used as collateral, not losing interest when posted-the funds are low-risk mutual funds that invest in short-term, high-quality debt instruments such as Treasury bills, commercial paper, and certificates of deposit to provide liquidity and returns while preserving capital-JPM sees tokeniza ...