Goldman Sachs is considering separating its digital asset platform into an independent entity, following the traditional banking sector’s increasing engagement with cryptocurrency markets. The bank is currently in early-stage discussions with various intermediaries about the structure and operations of the proposed standalone company, which comes as institutional investors seek exposure to cryptocurrency markets.
The initiative aims to capitalize on growing U.S. crypto adoption and could boost institutional crypto adoption and market legitimacy. However, regulatory and bureaucratic challenges need to be addressed before the initiative can move forward. As digital assets continue to mature as an asset class, traditional financial institutions are seeking ways to meet client demand while managing associated risks.
Goldman Sachs’ move could influence other major financial institutions to expand their crypto offerings.
Source
<p>The post Goldman Sachs Looks at Spinning Off its Digital Asset Platform first appeared on CoinBuzzFeed.</p>
