Bitcoin
Bitcoin (BTC)
$102,716.00 3.63829
Bitcoin price
Ethereum
Ethereum (ETH)
$2,212.99 16.56624
Ethereum price
BNB
BNB (BNB)
$625.10 2.55549
BNB price
Solana
Solana (SOL)
$161.78 7.13064
Solana price
XRP
XRP (XRP)
$2.30 5.06724
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000142 6.83262
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000109 24.90122
Pepe price
Bonk
Bonk (BONK)
$0.0000199 10.9957
Bonk price
dogwifhat
dogwifhat (WIF)
$0.663827 9.61397
dogwifhat price
Popcat
Popcat (POPCAT)
$0.471256 3.48236
Popcat price
Bitcoin
Bitcoin (BTC)
$102,716.00 3.63829
Bitcoin price
Ethereum
Ethereum (ETH)
$2,212.99 16.56624
Ethereum price
BNB
BNB (BNB)
$625.10 2.55549
BNB price
Solana
Solana (SOL)
$161.78 7.13064
Solana price
XRP
XRP (XRP)
$2.30 5.06724
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000142 6.83262
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000109 24.90122
Pepe price
Bonk
Bonk (BONK)
$0.0000199 10.9957
Bonk price
dogwifhat
dogwifhat (WIF)
$0.663827 9.61397
dogwifhat price
Popcat
Popcat (POPCAT)
$0.471256 3.48236
Popcat price
Bitcoin
Bitcoin (BTC)
$102,716.00 3.63829
Bitcoin price
Ethereum
Ethereum (ETH)
$2,212.99 16.56624
Ethereum price
BNB
BNB (BNB)
$625.10 2.55549
BNB price
Solana
Solana (SOL)
$161.78 7.13064
Solana price
XRP
XRP (XRP)
$2.30 5.06724
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000142 6.83262
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000109 24.90122
Pepe price
Bonk
Bonk (BONK)
$0.0000199 10.9957
Bonk price
dogwifhat
dogwifhat (WIF)
$0.663827 9.61397
dogwifhat price
Popcat
Popcat (POPCAT)
$0.471256 3.48236
Popcat price
Bitcoin
Bitcoin (BTC)
$102,716.00 3.63829
Bitcoin price
Ethereum
Ethereum (ETH)
$2,212.99 16.56624
Ethereum price
BNB
BNB (BNB)
$625.10 2.55549
BNB price
Solana
Solana (SOL)
$161.78 7.13064
Solana price
XRP
XRP (XRP)
$2.30 5.06724
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000142 6.83262
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000109 24.90122
Pepe price
Bonk
Bonk (BONK)
$0.0000199 10.9957
Bonk price
dogwifhat
dogwifhat (WIF)
$0.663827 9.61397
dogwifhat price
Popcat
Popcat (POPCAT)
$0.471256 3.48236
Popcat price

Goldman Sachs to launch three tokenization projects

Jayson Derrick
Edited by
News
Goldman Sachs to launch three tokenization projects

Goldman Sachs is set to launch three tokenization projects targeting institutional clients, focusing on permissioned networks and private blockchains due to regulatory concerns.

Goldman Sachs is gearing up to introduce three significant tokenization projects by year-end as part of its strategic expansion into digital assets.

While its peers, like BlackRock and Franklin Templeton, have already entered the world of tokenization, Goldman Sachs is primarily focused on using permissioned networks due to regulatory concerns.

Mathew McDermott, the banking institution’s global head of digital assets, announced the initiatives, emphasizing their focus on institutional clients.

“The nice thing is, about an institution of our size, there are differing views [on crypto],” McDermott told Fortune, the first to report the news.

Goldman Sachs is increasingly involved in the crypto space from an institutional standpoint. This includes trading cash-settled crypto derivatives for clients and participating in the ETF markets. “We’ve continued to see, certainly this year, an uptick and a broadening in the product suite that clients would like to see available,” he said.

Project details

One of the tokenized projects will target the U.S. fund sector, aiming to streamline asset management through blockchain-based tokenization. Another project will focus on European debt markets, potentially revolutionizing debt issuance processes.

The third project remains undisclosed but is expected to contribute to Goldman Sachs’ efforts to diversify and innovate within the digital asset space.

Unlike BlackRock and Franklin Templeton, which favor public blockchain solutions, Goldman Sachs plans to utilize private blockchains due to regulatory considerations. This shows that the 150-year-old bank is cautious but proactive in navigating the evolving regulatory landscape.

The move comes amidst a broader resurgence in the cryptocurrency market, catalyzed by recent developments in Bitcoin ETFs and growing institutional interest.