While traditional finance moves at the speed of molasses, Goldman Sachs and BNY Mellon just kicked things into hyperdrive. The two financial giants have revealed a groundbreaking blockchain initiative that transforms how money market funds operate. No more waiting around for settlements like it’s 1995. Seriously.
The technology creates digital twins of actual MMF shares on Goldman’s GS DAP® blockchain architecture. These mirrored tokens aren’t replacing traditional custody—they’re simply digital records. But man, do they pack a punch. The blockchain’s immutable ledger delivers something Wall Street desperately needs: accuracy you can trust.
Revolutionary tech creating digital twins of MMF shares—not replacing custody, but delivering the punch of immutable, trustworthy accuracy Wall Street craves.
Remember those annoying clearing delays? Gone. The integration between BNY’s LiquidityDirect platform and Goldman’s blockchain enables instant subscription and redemption of MMF shares. That’s right—near-instant settlements, even outside regular market hours. Big institutional clients can finally stop tapping their fingers waiting for transactions to clear.
What’s truly revolutionary is how these tokenized shares expand investment utility. Fractional ownership? Check. Using shares as collateral without selling them? Absolutely. This opens up entirely new use cases for MMFs in collateralized lending and liquidity management. It’s like MMFs just got superpowers.
None of this would be happening without the GENIUS Act signed in July 2025. Regulatory clarity finally gave institutions the green light to embrace blockchain-based fund vehicles. And Wall Street’s heavyweights didn’t waste time—BlackRock, Fidelity, Federated Hermes, and BNY Dreyfus are all in.
Don’t worry about security. The system maintains real-time reconciliation between blockchain records and actual holdings. No crypto shenanigans here—just better record-keeping with robust fraud protection.
This isn’t some fringe experiment. When Goldman Sachs and BNY Mellon make a move this bold, the industry notices. Blockchain for MMFs isn’t the future anymore—it’s happening right now. Traditional finance might be stubborn, but even dinosaurs evolve eventually. Like Ethereum’s revolutionary smart contracts, this system executes transactions automatically without intermediaries.
