Accessible version Last week BNY and Goldman Sachs announced an initiative under which BNY's "LiquidityDirect" platform (see Appendix A for What is LiquidityDirect?) would employ blockchain technology developed by Goldman Sachs "GS DAP" (see Appendix A for What is GS DAP?) to record ownership of Money Market Funds (MMFs). BlackRock, BNY Investments Dreyfus, Federated Hermes, Fidelity Investments, and Goldman Sachs Asset Management will participate in the initial launch. Mirror tokens of the MMF shares will ...