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Goldman Sachs Acknowledges Crypto and Net Revenue of US$53.5 Billion
Head of Digital Assets at Goldman Sachs, Mathew McDermott, stated that regulatory clarity will pave the way for large institutions to invest more broadly in the crypto segment.
According to him, this will bring the industry to a much larger and more mature scale. Additionally, he also highlighted two bills regarding stablecoins that are expected to have a significant impact.
"If the regulations make it easier for financial institutions to use stablecoins, then their usage could grow rapidly among major players," McDermott said in a discussion at Token2049 Dubai, United Arab Emirates.
Goldman Sachs itself is already active in various lines of crypto trading. They are also developing a dedicated platform called Digital Asset Platform, and continue to promote the tokenization of financial products so they can be traded 24 hours nonstop.
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