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