Goldman Sachs Archives - Top Crypto Game

Goldman Sachs eyes tokenization projects for institutional clients by year-end

admin — Wed, 10 Jul 2024 23:09:46 +0000

Goldman Sachs is preparing to launch three tokenization projects by year-end for major institutional clients, the firm’s global head of digital assets, Mathew McDermott, told Fortune Crypto in a July 10 interview.

McDermott explained that tokenization, which is the process of converting real-world assets (RWA) into digital tokens, presents a critical opportunity for the bank due to rising client demand for such products.

He stated:

“There’s no point doing it just for the sake of it. The definite feedback is, this is something that actually will change the nature of how they can invest.”

Speaking on the projects, he stated that they would be focused on marketplaces for tokenized assets, speed up transactions, and diversify collateral assets. Meanwhile, he also revealed that one of the projects will target the US fund complex, while another will focus on Europe’s debt issuance.

Goldman Sachs’ move reflects the growing institutional interest in tokenizing real-world assets. The trend has seen significant adoption, exemplified by BlackRock’s BUIDL fund, which surpassed $500 million in assets under management in less than six months despite broader market challenges.

Crypto custody hints

McDermott hinted that the firm’s involvement in the crypto sector might expand to include custodial services if the government’s regulatory approach changes.

He said:

“There could be other things that we as a firm would naturally be interested, subject to approval, to do, like execution and maybe sub-custody.”

As the US presidential election approaches, crypto has become a key political issue. The leading candidates—President Joe Biden and former President Donald Trump—have shown significant interest in the industry, although their views differ.

While Biden has begun to soften his administration’s previous stance toward the sector, Trump has publicly voiced strong support for the industry, promising to create an environment fostering growth.

Due to this, many crypto stakeholders have publicly backed Trump’s presidency. They believe he would implement regulatory changes that would allow the industry to thrive and protect it from strict financial regulators like the US Securities and Exchange Commission (SEC).

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EVIDENCE Crypto Mass Adoption Coming 2018 and TOP alt coin analysis

Altcoin Buzz — Thu, 06 Jun 2024 13:31:35 +0000

A trick to learn about what is popping in the TOP 100 coins and 3 pieces of evidence why I think blockchain tech will start to go main stream in 2018.

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HAS BITCOIN HIT BOTTOM? YALE INVESTS IN CRYPTO? ALIBABA CIRCLE XLM LTC BCH XRP ABRA

EllioTrades — Sat, 16 Dec 2023 13:11:16 +0000

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#bitcoin #crypto #cryptocurrency

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The post HAS BITCOIN HIT BOTTOM? YALE INVESTS IN CRYPTO? ALIBABA CIRCLE XLM LTC BCH XRP ABRA appeared first on Top Crypto Game.

Crypto Is STRONGER Than Ever! Crypto.com, THETA, Polygon, ENJIN, Cardano and Bitcoin ETF News 🚀

Altcoin Buzz — Wed, 09 Nov 2022 16:21:24 +0000

Fidelity and Goldman Sachs Bitcoin ETF | Bluzelle NFT, PAID Netowork, FinanceOIN, Crypto.com CRO, Enjin ENJ | Polygon (MATIC), Tidal Finance, Cartesi CTSI, EASY, Binance Smart Chain | Tether USDT now $40 Billion, THETA Network Mainnet Delay | Charles Hoskinson (Cardano, IOHK) e-mail NFT, Cartesi, IOTA, DeFi

#bitcoin #ethereum #altcoins #Harmony #ONE #Chiliz #stormx #THETA #altcoins #VeChain #btc #eth #altcoin #ENJ #VET #altcoinbuzz #investing #cryptocurrency #crypto #invest #binance #news #success #finance #entrepreneur #business #market #staking #NFT #NFTs #IDO #ICO #chainlink #link #cardano #ada #coinbase #etoro #gemini #grayscale #stmx #CRO #Polkadot #DOT #chz #polygon #MATIC #BNB #TOMO #Enjin #Bluzelle #OIN #goldman #goldmansachs #fidelity #etf #temasek #PAID #Tidal #Cartesi #CTSI #BSC #Tether #USDT #Mainnet #IOHK #IOTA #Elon #ElonMusk #Tesla

Timestamps:
00:00 Fidelity and Goldman Sachs Bitcoin ETF
03:22 Bluzelle NFT, PAID Netowork, FinanceOIN, Crypto.com CRO, Enjin ENJ
5:26 Polygon (MATIC), Tidal Finance, Cartesi CTSI, EASY, Binance Smart Chain
07:15 Tether USDT now $40 Billion, THETA Network Mainnet Delay
09:36 Charles Hoskinson (Cardano, IOHK) e-mail NFT, Cartesi, IOTA, DeFi

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The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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Bitcoin Is Money According To Goldman Sachs, KFC, And Arizona

Altcoin Buzz — Thu, 03 Feb 2022 08:35:18 +0000

In an encouraging series of events Goldman Sachs claims that Bitcoin and other cryptocurrency has a viable future as a form of money, KFC Canada starts accepting Bitcoin for buckets of fried chicken, and the state of Arizona has proposed SB 1091 which will allow you to pay your taxes in Bitcoin.

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