The Bank of New York Mellon (NYSE:BK), also known as BNY, is teaming up with Goldman Sachs Group (NYSE:GS) to use blockchain technology developed by Goldman to keep a record of customers' ownership of certain money market funds ("MMF"),

Goldman Sachs and BNY have joined hands to launch digital tokens that mirror shares of money market funds, deepening Wall Street's push to bring blockchain technology into traditional finance.

The Wall Street banking giants are joining to a growing roster of traditional financial firms to offer tokenized versions of assets.