Goldman Sachs Preparing Move Into Tokenization Services Amid Interest From Clients: Report

Goldman Sachs Preparing Move Into Tokenization Services Amid Interest From Clients: Report


Banking giant Goldman Sachs is reportedly preparing to expand its crypto services with a focus on the tokenization of real-world assets (RWAs).

Speaking to Fortune, Goldman’s digital assets global head Mathew McDermott says the bank has “ambitious” plans for the sector.

Since providing products that investors want will be the key to success, McDermott said the bank recently attended a crypto summit in London.

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“There’s no point doing it just for the sake of it… The definite feedback is, this is something that actually will change the nature of how they can invest.”

McDermott says the recent launch and success of the Bitcoin (BTC) exchange-traded funds (ETFs) marked “renewed success” for the crypto industry, even if others at Goldman don’t share his enthusiasm.

“The nice

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