Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Goldman Sachs and BNY said they’ll allow institutions to access tokenized money market funds with 24/7 settlement and blockchain-based ownership tracking, the US Securities and Exchange Commission (SEC) approved then immediately paused Bitwise’s bid to convert to an exchange-traded fund (ETF), and the US Federal Bureau of Investigation (FBI) dropped its investigation into Kraken co-founder Jesse Powell.
Wall Street giants Goldman Sachs and BNY are preparing to offer institutional investors access to tokenized money market funds, which could unlock real-time settlement, 24/7 market access and more efficiencies across capital markets.
Clients of BNY, the world’s largest custodian bank, will soon be able to invest in money market funds whose ownership is recorded directly on Goldman Sachs’ private blockchain, according to a Wednesday news release.
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