Goldman Sachs is set to launch three tokenization projects by the end of 2024, targeting institutional clients and focusing on permissioned networks and private blockchains ¹ ² ³ ⁴ ⁵. The projects include:
- U.S. Fund Sector Tokenization: Streamlining asset management through blockchain-based tokenization
- European Debt Markets Tokenization: Potentially revolutionizing debt issuance processes
- Undisclosed Project: Contributing to Goldman Sachs' efforts to diversify and innovate within the digital asset space
Goldman Sachs' Head of Digital Assets, Matthew McDermott, emphasized that client interest is driving these developments, and the bank is seeing an uptick in demand for tokenization services. Despite regulatory concerns, Goldman Sachs is cautiously expanding its presence in the crypto space.