A $100 Billion Treasury Fund Just Moved Into Crypto Plumbing
Goldman Sachs Asset Management has connected its roughly $100 billion GS Treasury Solutions fund to BNY's tokenized-deposit infrastructure, allowing institutional clients to use blockchain rails around shares of a traditional money-market fund. The underlying investment isn't suddenly crypto; the interesting bit is how ownership and settlement are being handled.
We've spent years talking about tokenization as if every asset eventually needs a shiny new token. This is a less dramatic version: keep the familiar fund, then upgrade some of the infrastructure underneath it.
That's probably closer to how a lot of Wall Street ends up using blockchain. Not "everything moves to $ETH tomorrow." More like someone in operations realizes a process can settle faster at 11 p.m. and asks why they're still waiting for Tuesday morning.
#ETHBlockchain #ETHFoundation
Goldman Sachs Asset Management has connected its roughly $100 billion GS Treasury Solutions fund to BNY's tokenized-deposit infrastructure, allowing institutional clients to use blockchain rails around shares of a traditional money-market fund. The underlying investment isn't suddenly crypto; the interesting bit is how ownership and settlement are being handled.
We've spent years talking about tokenization as if every asset eventually needs a shiny new token. This is a less dramatic version: keep the familiar fund, then upgrade some of the infrastructure underneath it.
That's probably closer to how a lot of Wall Street ends up using blockchain. Not "everything moves to $ETH tomorrow." More like someone in operations realizes a process can settle faster at 11 p.m. and asks why they're still waiting for Tuesday morning.
#ETHBlockchain #ETHFoundation
