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HashNews👩🏻🌾 @HashNews01 on x 2432 followers
Created: 2025-07-23 12:14:28 UTC
Galaxy Digital and BNY Mellon Launch Tokenized Money Market Fund
According to HashNews, Galaxy Digital has partnered with BNY Mellon to offer institutional investors a channel to purchase tokenized money market funds. BNY clients can invest in money market funds through Galaxy's blockchain platform, with all ownership recorded in digital token form. The initiative has attracted participation from major fund companies such as BlackRock, Fidelity, and Federated Hermes. Both companies believe that tokenization of money market funds will be a significant breakthrough in the digital asset field. Unlike stablecoins, tokenized money market funds offer returns to holders, making them an ideal cash management tool for hedge funds, pension funds, and enterprises. Executives from Galaxy and BNY Mellon stated that this move will establish an essential foundation for seamless flow in the real-time, digitalized ecosystem of money market funds.
#Cryptocurrency #Blockchain #Galaxy_Digital #BNY_Mellon #Coinbase
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