Goldman Sachs' decision to enter the crypto space with tokenization products reflects a strategic move amidst a growing demand from institutional clients for digital assets.
Matthew McDermott emphasized that the firm’s expansion into tokenization is a response to evolving market dynamics and client needs.
By focusing on Real-World Assets (RWAs) such as real estate and money market funds, Goldman Sachs aims to enhance liquidity and accessibility for these traditionally illiquid assets.
McDermott underscored the importance of designing products that appeal to venture capitalists, highlighting the recent digital asset summit in London where feedback from investors shaped their strategy.
With over ten Bitcoin ETFs listed this year and regulators reviewing spot Ether ETF registrations, Goldman Sachs anticipates leveraging these developments to bolster its crypto offerings and capture market opportunities.
Litecoin is taking a major leap into the world of DeFi and Web3 with the launch of LitVM, a newly introduced Layer-2 network designed to bring smart contract capabilities to the long-standing cryptocurrency.
Binance has announced its full technical support for an upcoming upgrade to the Siacoin (SC) blockchain, scheduled for June 6, 2025.
MetaMask is making a major leap beyond Ethereum by adding support for Solana, marking its first deep integration with a non-EVM blockchain.
A significant portion of Ethereum validators are backing a proposal to nearly double the network’s block gas limit—an adjustment that could boost Layer 1 throughput without requiring a protocol upgrade.