Goldman Sachs Ramps Up Crypto Exposure, Eyes Tokenization Opportunities
Goldman Sachs is intensifying its involvement in the digital asset space, according to its head of digital assets Mathew McDermott.
Speaking at TOKEN2049 in Dubai, McDermott detailed how the bank is ramping up its trading operations, exploring crypto lending, and pursuing tokenized products that meet real-world use cases.
These developments mark a significant expansion beyond Goldman’s previous approach, which avoided direct handling of crypto despite early engagement through derivatives.
Expansion of Trading and Lending
Since launching its crypto trading desk in 2021, Goldman Sachs has offered cash-settled Bitcoin and Ethereum options, in addition to CME-listed futures contracts. However, the firm has not taken direct custody of the…
