Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

GameSquare Goes All In on Ethereum with $100M Crypto Treasury Plan

July 9, 2025

Ripple (XRP) News Today, XRP Price Prediction, XRP ETF Approval News, Ripple vs SEC and More

July 9, 2025

Samurai Shodown R Launches on Sui with Blockchain-Integrated MMORPG Experience

July 9, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Goldman Sachs Preparing To Launch Its Digital Assets Platform: Bloomberg

0
By on November 18, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post Goldman Sachs Preparing To Launch Its Digital Assets Platform: Bloomberg appeared first on Coinpedia Fintech News

According to a latest Bloomberg report, Goldman Sachs is preparing to launch a new company focused on its digital assets platform. It is speaking with potential partners as it plans to spin out its digital-assets platform into a new company for large financial firms to create, trade and settle financial instruments through blockchain technology.

Spin Out In 12-18 Months

While the Plans for the new company are in the early stages, but the long-term goal is to execute the spin-out within the next 12 to 18 months, subject to regulatory approvals, noted Mathew McDermott, Goldman’s global head of Digital Assets.

“It’s in the best interest of the market to have something that is industry-owned,” he stated. Electronic trading platform Tradeweb Markets Inc. is its first strategic partner that will work with Goldman to bring new commercial use cases to the digital assets platform. This reflects a growing trend among large institutions to integrate blockchain technology into traditional financial systems.

Goldman’s move mirrors a broader industry trend, where major financial institutions and governments are embracing blockchain technology to enhance the efficiency of traditional asset trading and settlement processes.

In another initiative, Goldman is looking to support secondary transactions in private digital asset companies for its clients. This could make it easier for family offices and other clients looking for liquidity while also allowing buyers to take advantage of private market discounts. The firm also noted that it is preparing to resume its Bitcoin-backed lending activities. 

“If you are trying to build out a scalable marketplace, you want to have the right strategic participants embracing this technology,” McDermott said. “You want a number that is nimble enough to operate, driven by the commercial use cases.” 

Goldman Sachs Bullish On Bitcoin

Goldman has maintained a bullish stance on Bitcoin throughout the year. In a Nov. 14 filing with the SEC, Goldman Sachs reported about $718 million in holdings in eight Bitcoin ETFs. It has added $300 million to its Bitcoin ETF portfolio since the second quarter, marking a 71% increase. It has also planned to launch three tokenization projects by the end of this year. 

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

GameSquare Goes All In on Ethereum with $100M Crypto Treasury Plan

July 9, 2025

Ripple (XRP) News Today, XRP Price Prediction, XRP ETF Approval News, Ripple vs SEC and More

July 9, 2025

Ethereum Price Turns Positive — More Upside Likely if Momentum Holds

July 9, 2025
Leave A Reply Cancel Reply

What's New Here!

GameSquare Goes All In on Ethereum with $100M Crypto Treasury Plan

July 9, 2025

Ripple (XRP) News Today, XRP Price Prediction, XRP ETF Approval News, Ripple vs SEC and More

July 9, 2025

Samurai Shodown R Launches on Sui with Blockchain-Integrated MMORPG Experience

July 9, 2025

Ethereum Price Turns Positive — More Upside Likely if Momentum Holds

July 9, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.