Goldman Sachs is set to spin off its cryptocurrency platform into a new company focused on blockchain-based financial instruments, Bloomberg reports. The investment bank is in talks with potential partners, including Tradeweb Markets, to enhance the platform's capabilities. The spinout is expected within 12 to 18 months, pending regulatory approval. Goldman plans to launch tokenization products targeting financial institutions, focusing on US and European debt markets. This move comes amid growing interest in crypto, fueled by the rise of exchange-traded funds (ETFs) for digital assets.