PANews November 18 news, according to Bloomberg, Goldman Sachs is in talks with potential partners to split its digital asset platform into a new company, allowing large financial firms to create, trade, and settle financial instruments using blockchain technology.
Goldman Sachs' global head of digital assets, Mathew McDermott, said in an interview that the bank is negotiating with several market participants regarding the plan while continuing to expand the platform's capabilities and develop new business use cases. McDermott stated that the plan for the new company is still in the early stages, but the long-term goal is to complete the split within the next 12 to 18 months, subject to regulatory approval.
Additionally, McDermott stated that Goldman Sachs is seeking to provide its clients with secondary market trading facilitation for private digital asset companies. He said this would make it easier for family offices and other liquidity-seeking clients to access funds while allowing buyers to enjoy discounts in the private market. He added that the bank is also looking to resume its Bitcoin-backed lending activities.
