Goldman Sachs Expands Crypto Trading and Explores Tokenization
Goldman Sachs is deepening its involvement in the cryptocurrency ecosystem, with plans to expand trading operations and explore opportunities in crypto lending and tokenization. Matthew McDermott, the bank’s global head of Digital Assets, revealed the strategy during the TOKEN2049 event in Dubai.
Client demand for direct cryptocurrency exposure is driving the initiative. The firm’s move reflects broader institutional interest in digital assets as viable financial instruments. No specific coins or exchanges were mentioned in the announcement.