According to PANews, on May 3, Mathew McDermott, head of Goldman Sachs' digital assets division, announced at the TOKEN2049 conference in Dubai that the bank plans to introduce a 24/7 trading service for tokenized U.S. Treasury bonds and money market fund shares.
Goldman Sachs currently operates a crypto derivatives trading desk and aims to launch three tokenization projects by 2025, including a U.S. fund tokenization initiative and euro-denominated digital bonds. Additionally, the bank is considering spinning off its digital asset platform, GS DAP, into an independent entity to serve multiple institutions, thereby enhancing efficiency and liquidity.