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Goldman Sachs and BNY Mellon’s new blockchain-based partnership is set to revolutionize tokenized money market funds, with major financial players like BlackRock and Fidelity joining the initiative. JPMorgan analysts highlight its potential to expand collateral use cases while preserving yield.
- Goldman Sachs and BNY Mellon’s blockchain venture enables tokenized money market funds to function as collateral, eliminating interest loss.
- Major asset managers including BlackRock and Fidelity are backing the initiative, signaling institutional adoption of tokenization.
- JPMorgan sees regulatory clarity driving more tokenization of real-world assets and stablecoin integration with traditional finance.
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