Bank of New York Mellon Corp. and Goldman Sachs Group Inc. are collaborating to use blockchain technology to maintain an ...

Goldman Sachs and BNY have joined hands to launch digital tokens that mirror shares of money market funds, deepening Wall ...

Goldman Sachs and BNY Mellon are tokenizing money market funds to stay competitive as stablecoin adoption surges. JPMorgan ...

The banking giants join a growing list of traditional financial firms seeking to bring crypto technology to assets ranging ...

Tokenized money market funds by Goldman Sachs and BNY Mellon could lead a shift toward real-time asset mobility and ...

Money market ETFs and mutual funds are not protected by the Federal Deposit Insurance Corp. (FDIC) like bank accounts are.

Tax-exempt money market funds reached a 2024 high of assets under management at $136.84 billion for the week ending Wednesday, according to the Investment Company Institute.

Money market mutual funds are invested in short-term, low-risk securities like Treasury bills, certificates of deposit (CDs) and commercial paper. They prioritize stability and liquidity, ...

Money market funds have traditionally been safe investments but the SEC's Rule 2a-7 made them a bit safer after the Reserve Fund "broke the buck" in 2008.

Money market funds are mutual funds that only invest in money market securities and aim to maintain a unit price of $1, passing all interest earned onto investors in monthly dividend payments.

A money market fund (MMF) is a mutual fund that pools money from many investors to buy safe short-term investments like government bonds and high-quality corporate loans. Money market funds aim to ...

US money market funds recently eclipsed $7 trillion in assets for the first time. Deborah Cunningham, CIO of Federated Hermes, explains the popularity of this simple, conservative investment vehicle.