Tokenized money market funds emerge as Wall Street’s answer to stablecoins
Goldman Sachs and BNY Mellon’s tokenization push aims to keep money market funds competitive as the US accelerates stablecoin adoption, according to a JPMorgan strategist.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Goldman Sachs and BNY Mellon’s tokenization push aims to keep money market funds competitive as the US accelerates stablecoin adoption, according to a JPMorgan strategist.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
CLARITY Act splits Wall Street and crypto as Goldman Sachs breaks with banks and Charles Hoskinson backs Warren
The revised CLARITY Act is exposing unusual divisions across Wall Street, Washington and the crypto industry as lawmakers struggle...
Samsung Wallet is getting native stablecoins – and it could make one token the default for 800M users
Some crypto investors raised an eyebrow this week when Samsung, in its official Galaxy Unpacked recap, said updates to Wallet “wil...
The $25 million Bitcoin glitch hiding inside Wall Street’s clearinghouses
Two Wall Street trading desks can hold economically similar exposure to Bitcoin and still pay materially different amounts to keep...
BlackRock, Goldman Sachs, Fidelity, and others back the Clarity Act with $30 trillion in combined firepower
The backing of the Clarity Act by major financial firms could accelerate regulatory clarity, potentially boosting institutional cr...
Crypto promised to eliminate stockbrokers, but 94% of its tokenized market now relies on an Alpaca
Alpaca says it custodies more than $1.5 billion of shares backing tokenized equities, which, by public tracker measurements, would...
Goldman Sachs backs CLARITY Act, BitMEX shuts down, and bridge hacks steal $31.6 million in a pivotal day for crypto
Goldman Sachs CEO David Solomon backs the CLARITY Act, BitMEX shuts down after 11 years, and two bridge exploits steal over $31.6...