BNY Mellon and Goldman Sachs just launched a tokenized money market fund service — finally letting clients buy fund shares recorded as digital tokens via BNY’s LiquidityDirect.

Big names like BlackRock and Fidelity are already on board. Sounds huge, right?

But let’s be real — this is the absolute bare minimum blockchain upgrade.
They’re just replacing old-school databases with private chain accounting.
No composability. No DeFi-style utility. No real-time integrations. Just a fancier back office.

Feels like watching someone proudly switch from a fax machine to a Nokia 3310 — in 2025.

Glad they’re moving, but let’s not call this innovation. It’s just catching up.