NEW YORK, July 23, 2025 – The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, and the Goldman Sachs Group, Inc. (NYSE: GS) today announced a collaborative initiative by which BNY will employ blockchain technology developed by Goldman Sachs to maintain a record of customers’ ownership of select Money Market Funds (MMFs), in a significant step towards enhancing the utility and transferability of existing MMF shares.