Goldman Sachs to Launch 24/7 Trading for Tokenized Treasury Products
According to PANews, Mathew McDermott, head of Goldman Sachs' digital assets division, announced at the TOKEN2049 conference in Dubai (May 3) that the bank plans to roll out a 24/7 trading service for tokenized U.S. Treasury bonds and money market fund shares.
Goldman Sachs, which already runs a crypto derivatives desk, is targeting three major tokenization projects by 2025. These include a U.S. fund tokenization initiative and euro-denominated digital bonds. The bank is also exploring the possibility of spinning off its digital asset platform, GS DAP, into an independent entity to better serve multiple institutions and boost liquidity and efficiency.