Mathew McDermott, global head of digital assets at Goldman Sachs, said in the release that using tokens representing the value of shares of MMFs on GS DAP "would enable us to unlock their utility as a form of collateral and open up more seamless transferability in the future." BNY will continue to maintain the official books, records, and settlements for the funds within approved guidelines while also enabling mirror tokens on GS DAP to create future opportunities, according to the release. Meanwhile, tokenization is transforming the way consumers and merchants think about payment security, Valeri Vanourek, vice president of digital products at Discover® Network, told PYMNTS this month. "The benefits of tokenization haven't changed," Vanourek said.