Goldman Sachs and BNY join forces to transform $7.1 trillion money market industry with digital tokens
1. Goldman Sachs and BNY Mellon to offer tokenized money market funds. 2. This initiative may attract large investors like BlackRock and Fidelity. 3. Tokenized funds expected to enhance transaction efficiency in financial markets. 4. Tokenized money market funds differ from stablecoins by offering yields. 5. The GENIUS Act could increase the use of digital assets in finance.