Goldman Sachs and BNY Mellon are tokenizing money market funds to stay competitive as stablecoin adoption surges. JPMorgan ...

Bank of New York Mellon Corp. and Goldman Sachs Group Inc. are collaborating to use blockchain technology to maintain an ...

Goldman Sachs and BNY have joined hands to launch digital tokens that mirror shares of money market funds, deepening Wall ...

The banking giants join a growing list of traditional financial firms seeking to bring crypto technology to assets ranging ...

Clients of BNY will be able to invest in money market funds whose ownership will be recorded on Goldman’s blockchain platform ...

Tokenized money market funds by Goldman Sachs and BNY Mellon could lead a shift toward real-time asset mobility and ...

Money market ETFs and mutual funds are not protected by the Federal Deposit Insurance Corp. (FDIC) like bank accounts are.

US money market funds recently eclipsed $7 trillion in assets for the first time. Deborah Cunningham, CIO of Federated Hermes, explains the popularity of this simple, conservative investment vehicle.

Billionaire hedge fund manager Bill Ackman, known for bold macro calls and running Pershing Square Capital Management, recently weighed in on rising cash levels in the market. In a post on X ...

Tax-exempt money market funds reached a 2024 high of assets under management at $136.84 billion for the week ending Wednesday, according to the Investment Company Institute.

Money market funds are mutual funds that only invest in money market securities and aim to maintain a unit price of $1, passing all interest earned onto investors in monthly dividend payments.

The Wall Street banking giants are joining to a growing roster of global financial firms to offer tokenized versions of ...