Goldman Sachs and Bank of New York Mellon have launched a platform to offer tokenized versions of money market funds, aiming to streamline transactions and bring more transparency to one of the world’s largest asset classes.

Square has started letting merchants accept bitcoin payments through the Lightning Network, aiming for full availability by 2026.

FTX will begin its next round of creditor repayments on September 30, continuing efforts to return billions lost in the collapse of the crypto exchange.

Top stories in the Crypto Roundup today:

• Goldman Sachs, BNY Mellon Launch Tokenized Money Market Funds
• Square Rolls Out Bitcoin Payments for Merchants via Lightning Network
• FTX to Begin Next Round of Creditor Payouts on Sept. 30

Goldman Sachs, BNY Mellon Launch Tokenized Money Market Funds

Goldman Sachs and Bank of New York Mellon have launched a platform to offer tokenized versions of money market funds, aiming to streamline transactions and bring more transparency to one of the world’s largest asset classes.

BNY Mellon, which oversees $53 trillion in assets, said it would start issuing digital tokens that represent shares in money market funds through its LiquidityDirect platform. 

The records of those shares, who owns them, and when they change hands, will live on Goldman Sachs’ private blockchain.

Tokenized money market funds, typically backed by short-term U.S. government debt, are a fast-growing corner of the crypto-meets-tradfi space. This year, the value of tokenized Treasuries has more than tripled to $7 billion, according to data from rwa.xyz. Even so, that’s just a sliver of the $7 trillion traditional money market.

Square Rolls Out Bitcoin Payments for Merchants via Lightning Network

Square has started letting merchants accept bitcoin payments through the Lightning Network, aiming for full availability by 2026.

The feature allows customers to pay in BTC using a barcode scan, with Square converting the payment into fiat instantly. Sellers don’t need to handle crypto themselves.

Square first tested the system at the Bitcoin 2025 conference in Las Vegas. Now it’s onboarding select businesses ahead of a wider release.

The Lightning Network enables fast, low-cost bitcoin transactions by processing them off-chain. Square sees it as key to making bitcoin usable for everyday payments.

FTX to Begin Next Round of Creditor Payouts on Sept. 30

FTX will begin its next round of creditor repayments on September 30, continuing efforts to return billions lost in the collapse of the crypto exchange.

So far, the company has repaid $6.2 billion to creditors under a plan approved by a U.S. bankruptcy court. The funds will be distributed through BitGo, Kraken and Payoneer, the firm said Wednesday.

The latest update also includes a reduction in disputed claims, which now stand at $4.3 billion, down from $6.5 billion. Lowering that reserve frees up more funds for eligible creditors.

FTX’s unraveling began in 2022 after a CoinDesk report exposed financial issues within its affiliated trading firm, Alameda Research. Founder Sam Bankman-Fried was convicted in 2023 on seven counts of fraud and conspiracy and sentenced to 25 years in prison for orchestrating what prosecutors called an $11 billion scheme.

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