According to PANews, on May 3, the head of Goldman Sachs' digital assets division stated at the TOKEN2049 conference in Dubai that the bank plans to launch a 24/7 trading service for tokenized U.S. Treasury bonds and money market fund shares.
Goldman Sachs has been operating a cryptocurrency derivatives trading desk and plans to launch three tokenization projects by 2025, including a tokenization project for U.S. funds and euro-denominated digital bonds. Goldman Sachs is considering spinning off its digital asset platform into an independent entity to serve multiple institutions, enhancing efficiency and liquidity.