Crypto NewsBitcoinSpot Bitcoin ETF Comment from Goldman Sachs, Preparing for the New Cryptocurrency...

Spot Bitcoin ETF Comment from Goldman Sachs, Preparing for the New Cryptocurrency Move!

Goldman Sachs said it plans to launch three tokenization projects focused on the US and European markets by the end of the year.

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According to Fortune, Goldman Sachs said it plans to launch three tokenization projects focused on the US and European markets by the end of the year.

Speaking to Fortune, Mathew McDermott, Goldman Sachs' Global Head of Digital Assets, said Goldman Sachs plans to expand crypto projects in the tokenization sector, where “real-world assets” such as money market funds and real estate assets are issued on public or private blockchains.

At this point, McDermott stated that Goldman Sachs will launch three tokenization projects for its clients, including the first in the United States, by the end of the year.

“There is no point in doing this just for the sake of it. The key to being successful in this field will be to create products that investors want.

“Tokenization remains a central part of the bank's plans.”

McDermott declined to provide details about the three tokenization projects planned to launch this year, but said one is focused on funding in the U.S. and the other is focused on debt issuance in Europe.

Speaking about spot Bitcoin ETFs, which were last launched in January, McDermott described the launch of the ETFs as “renewed momentum in crypto.”

When asked about his thoughts on Sharmin Mossavar-Rahmani, chief investment officer at Goldman Sachs Asset Management, who said in an interview with the WSJ that she “does not view crypto as an investment asset class and does not see interest from clients,” McDermott responded:

“The nice thing is that there are different views within an institution of our size.

“Goldman Sachs is actively involved in the cryptocurrency space from an institutional perspective, including trading cash-settled crypto derivatives on behalf of clients as well as participating in ETF markets.”

*This is not investment advice.



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