Clients of BNY will be able to invest in money market funds whose ownership will be recorded on Goldman's blockchain platform.

• Goldman Sachs and Bank of New York Mellon have created the ability for institutional investors to purchase tokenized money market funds, CNBC has learned.
• Clients of BNY, the world's largest custody bank, will be able to invest in money market funds whose ownership will be recorded on Goldman's blockchain platform.
• The project has already signed up fund titans including BlackRock, Fidelity Investments and Federated Hermes, as well as the asset management arms of Goldman and BNY.