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MainNewsGoldman Sach...

Goldman Sachs Rolls Out Crypto Plans at TOKEN2049 in Dubai


by Anisha Pandey
for CoinEdition
Mathew McDermott Goldman Sachs speaks at TOKEN2049 about crypto trading and tokenization plans.
  • 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…

The post Goldman Sachs Rolls Out Crypto Plans at TOKEN2049 in Dubai appeared first on Coin Edition.

Read the article at CoinEdition

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MainNewsGoldman Sach...

Goldman Sachs Rolls Out Crypto Plans at TOKEN2049 in Dubai


by Anisha Pandey
for CoinEdition
Mathew McDermott Goldman Sachs speaks at TOKEN2049 about crypto trading and tokenization plans.
  • 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…

The post Goldman Sachs Rolls Out Crypto Plans at TOKEN2049 in Dubai appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Chainlink Facilitates Secure Exchange of Hong Kong CBDC and Australian Stablecoin

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Hong Kong’s financial sector has taken a major step toward modernizing cross-border p...
Centralized Treasuries Control Nearly 31% of BTC Supply as Institutional Adoption Surges

Centralized Treasuries Control Nearly 31% of BTC Supply as Institutional Adoption Surges

Centralized treasuries now control 30.9% of Bitcoin’s circulating supply, according t...