Goldman Sachs Plans to Launch Tokenization Products By the End of the Year
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Goldman Sachs’s global head stated the bank plans to launch three tokenization products by the end of 2024.
He stated that Goldman Sachs would launch its products in the United States and Europe.
The digital asset lead attributed the renewed interest in crypto to the high number of ETFs.
According to Matthew McDermott, Goldman Sachs’ global head of digital assets, the investment bank is preparing to launch three new tokenization products in 2024.
In an interview on July 10, McDermott revealed that the products would be available in Europe and the United States.
He added that the products came after the 150-year-old banking behemoth noted growing interest from its clients in cryptocurrencies and other digital assets.
Goldman Sachs reportedly plans to enter the crypto industry following its competitors’ footsteps. Matthew McDermott stated the move came after the bank noted a major uptick in its clients’ interest in digital assets.
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