- Goldman Sachs and BNY Mellon launch a blockchain initiative.
- Focus on tokenizing money market funds.
- No confirmed takeover or M&A activities.
Goldman Sachs and BNY Mellon announced a collaborative project to tokenize money market funds using GS DAP® technology, leveraging blockchain infrastructure, as confirmed on July 23, 2025.
This collaboration marks a significant advancement in digital finance, aligning with the financial industry’s digital shift, though no crypto market impacts are evident, reinforcing blockchain’s institutional finance role.
Goldman Sachs and BNY Mellon Blockchain Partnership
Goldman Sachs and BNY Mellon have revealed a joint initiative to tokenize money market funds. The collaboration utilizes Goldman Sachs’ proprietary GS DAP® technology on a blockchain infrastructure. Both companies aim to innovate traditional finance mechanisms.
The banks’ leadership, including BNY Mellon’s CEO Robin Vince, announced plans to enhance the financial system’s architecture, focusing on digital solutions. The initiative highlights the shift toward more secure and efficient financial services.
The blockchain initiative is expected to impact institutional asset management significantly. Key assets like money market funds will benefit from improved settlement and recordkeeping systems, facilitating smoother transactions for clients such as BlackRock and Fidelity.
No direct financial transactions like mergers or acquisitions are involved in this technology launch. The project does not impact public cryptocurrency markets as it is confined to a private blockchain for institutional use.
This collaboration represents a major step for US banking in digital asset utilization. As JPMorgan strategists note, these innovations help maintain conventional fund appeals despite the growing preference for stablecoins.
This private blockchain effort aligns with historical trends seen across the industry, such as previous tokenization moves by Franklin Templeton and BlackRock. The regulatory landscape and market responses will likely evolve alongside these institutional applications.
Robin Vince, CEO, BNY Mellon, said, “As the financial system transitions toward a more digital, real-time architecture, BNY is committed to enabling scalable and secure solutions that shape the future of finance.”
