PANews July 23 news, according to CNBC, Goldman Sachs has partnered with BNY Mellon to provide institutional investors with the ability to purchase tokenized money market funds. BNY clients can invest in money market funds through Goldman Sachs' blockchain platform, with ownership recorded in the form of digital tokens. The project has attracted participation from large fund companies such as BlackRock, Fidelity Investments, and Federated Hermes. The two Wall Street giants believe that the tokenization of money market funds will become the next significant breakthrough in the digital asset space. Unlike stablecoins, tokenized money market funds offer returns to holders, making them an ideal cash management tool for hedge funds, pension funds, and corporations. Executives from Goldman Sachs and BNY stated that this move will lay the foundation for the seamless circulation of money market funds in a real-time, digital ecosystem.