Goldman Sachs and BNY Mellon Work Together on Tokenized Money Market Offering
Simply put BNY Mellon and Goldman Sachs are joining forces to create tokenized Money Market Fund (MMF) products. This initiative will enable fund managers to buy MMF shares that will earn tokenized equivalents. The aim is to enhance the usefulness and transferability of MMF stocks. Large financial institutions BNY Mellon and Goldman Sachs are collaborating […]
BNY Mellon will manage Ripple’s new stablecoin as interest in cryptocurrency among institutions grows.
BNY Mellon Partners with Ripple for Stablecoin Reserves In an announcement made on Wednesday, BNY Mellon stated that it will be the primary custodian of Ripple’s USD-backed Stablecoin reserves. This collaboration aims to enhance regulatory compliance with Ripple USD (RLUSD), particularly to boost institutional confidence in both the company and the burgeoning Stablecoin sector. BNY […]
Northern Trust states it is completely dedicated to staying independent following rumors of a potential BNY merger.
Northern Trust addressed the possibility of a merger with New York Bank Mellon during a speech on Monday. A spokesperson for Northern Trust emphasized, “Like in the past 135 years, we remain independent and dedicated to providing long-term value to our stakeholders.” This statement followed reports from the Wall Street Journal indicating that BNY had […]