According to a report by PANews, Goldman Sachs is stepping up its game in the digital asset space. At the TOKEN2049 conference in Dubai on May 3, Mathew McDermott, who leads the bank’s digital assets division, revealed plans to roll out round-the-clock trading for tokenized U.S. Treasury bonds and money market fund shares.
Goldman Sachs isn’t new to crypto—it already runs a crypto derivatives trading desk—but it’s now setting its sights on broader tokenization efforts. By 2025, the bank aims to launch three major projects, including tokenizing U.S. funds and issuing euro-denominated digital bonds.
In another strategic move, Goldman Sachs is reportedly considering spinning off its digital asset platform, GS DAP, into a standalone business. The goal? To serve multiple financial institutions, boosting efficiency and liquidity in the process. Looks like Wall Street’s crypto ambitions are only getting bigger.
