Reported 2 days ago
Goldman Sachs and BNY have partnered to create digital tokens that represent shares of money market funds, enabling transactions on BNY's LiquidityDirect platform with records maintained on Goldman's blockchain. This initiative aims to modernize financial infrastructure, potentially easing collateral use and shortening trade settlements for institutional investors. Various asset managers are exploring tokenization, which is seen as a way to democratize access to investing, despite concerns about investor protection.
Source: YAHOO