This marks the first time two of the world's largest financial institutions have collaborated to tokenize traditional money market funds on a private blockchain. Unlike previous crypto initiatives, this represents the mainstream financial system itself being transformed into a digital token-based framework. The participation of BlackRock and Fidelity signals unprecedented institutional adoption.
Goldman-BNY Tokenized Money Funds: Digital Beast System Advances
📰 What Happened
Goldman Sachs and BNY have unveiled plans to offer tokenized money market funds using Goldman's private blockchain system. The initiative enables 24-hour trading and faster settlements through BNY's LiquidityDirectSM platform. Major financial institutions including BlackRock, Fidelity Investments, and Federated Hermes are joining the first phase. The system will allow clients to invest in money market funds with ownership records stored on blockchain rather than traditional systems.
📖 Prophetic Significance
The creation of a private blockchain system by Goldman Sachs specifically for money market funds represents a crucial timeline marker in the development of the prophesied economic control system. The collaboration of five major financial institutions (Goldman, BNY, BlackRock, Fidelity, Federated Hermes) to tokenize traditional assets shows how rapidly centralized digital finance is becoming reality. The 24/7 trading capability and blockchain-based ownership records align with Revelation 13's description of comprehensive economic monitoring and control. This private system could easily be integrated into a future central bank digital currency framework.