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.
Franklin Templeton, the asset management giant with $1.5 trillion in assets, is set to launch a mutual fund on the Solana blockchain.
Charles Hoskinson, founder of Cardano, will meet with Argentina’s President Javier Milei in October to discuss blockchain’s role in shaping future economies.
Google Cloud has introduced a new Blockchain Remote Procedure Call (RPC) service designed to simplify blockchain data interactions for cryptocurrency developers and enhance the performance of decentralized applications (DApps).
BNB Chain has announced a major update designed to enhance its stablecoin infrastructure by introducing gasless transactions.