Goldman Sachs Rolls Out Crypto Plans at TOKEN2049 in Dubai

• Goldman Sachs plans to expand its crypto trading, lending, and tokenization initiatives.
• An executive believes that regulatory clarity is vital for institutional-scale adoption of crypto.
• The bank is spinning out its blockchain-based GS DAP platform to drive participation.

Goldman Sachs is making a bigger push into digital assets. The bank just unveiled plans to ramp up its crypto trading and invest more heavily in tokenization. That’s an industry already worth billions. 

Speaking at TOKEN2049 in Dubai, Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, drove home the point about the bank’s deeper dive into the crypto world. 

“We’re seeing more of our clients wanting to actively engage in digital assets,” McDermott told attendees while adding that the demand is pushing the investment firm to expand trading, lending, and tokenization initiatives “more aggressively.

Expanding Crypto Services

Goldman used to mostly just play in the digital asset secondary markets. This meant things like trading private equity and derivatives. Now, the bank plans to jump into crypto lending. 

It also aims to check out tokenized products that c…

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