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![CobakOfficial Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::980079455702953984.png) Cobak [@CobakOfficial](/creator/twitter/CobakOfficial) on x 74.7K followers
Created: 2025-07-24 03:01:36 UTC

🏦 Wall Street shifts focus to tokenized MMFs after stablecoin yield ban

📌 What’s happening?
Goldman Sachs and BNY Mellon just launched a tokenized money market fund (MMF) for institutional clients.

📌 Why the buzz?
Under the new GENIUS Act, stablecoins are allowed —
but yield-bearing stablecoins are banned.

💡 Tokenized MMFs, however, can offer yield —
because they’re backed by real assets like U.S. Treasuries.
That makes them:
✅ Low-risk
✅ Liquid
✅ Interest-generating digital assets

📌 How it works:
– Subscription, redemption, custody = via BNY’s LiquidityDirect
– Ownership & transaction history = recorded on Goldman’s private blockchain (GS DAP)

📌 Bad news for stablecoins?
Not really.
Stablecoins still dominate payments and trading pairs.
But for institutions just sitting on idle USDC/USDT?
There’s now a reason to shift some cash into tokenized MMFs.

This isn’t the end of stablecoins —
Just the beginning of diversified on-chain cash management. 🔄

![](https://pbs.twimg.com/media/Gwl033HbUAAmSUB.png)

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**Related Topics**
[genius act](/topic/genius-act)
[stablecoins](/topic/stablecoins)
[money](/topic/money)
[just launched](/topic/just-launched)
[coins stablecoin](/topic/coins-stablecoin)
[wall street](/topic/wall-street)
[goldman sachs](/topic/goldman-sachs)
[stocks financial services](/topic/stocks-financial-services)

[Post Link](https://x.com/CobakOfficial/status/1948216971247632557)