The partnership between Goldman Sachs and BNY Mellon to integrate a $7.1 trillion money market fund with crypto signals a historic shift, as traditional finance giants leverage blockchain technology, building on BlackRock’s earlier $2.9 billion tokenized fund (BUIDL) accepted as collateral on Crypto.com and Deribit since June 2025.
This move could unlock massive liquidity for crypto markets, supported by a 2024 study from the Bank for International Settlements showing tokenized assets reduced settlement times by 95% and enhanced liquidity by 30%, challenging the narrative that crypto remains a speculative bubble.
The collaboration reflects growing institutional adoption, with JPMorgan’s recent exploration of Bitcoin and Ethereum loans (announced July 2025) indicating a broader trend, though risks like regulatory uncertainty and market volatility remain, as highlighted in a 2023 IMF report on digital asset integration.
