Goldman Sachs to Launch Three Tokenization Projects

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Goldman Sachs is set to launch three tokenization projects targeting institutional clients, focusing on permissioned networks and private blockchains due to regulatory concerns.

Goldman Sachs is gearing up to introduce three significant tokenization projects by year-end as part of its strategic expansion into digital assets.

While its peers, like BlackRock and Franklin Templeton, have already entered the world of tokenization, Goldman Sachs is primarily focused on using permissioned networks due to regulatory concerns.

Mathew McDermott, the banking institution’s global head of digital assets, announced the initiatives, emphasizing their focus on institutional clients.

“The nice thing is, about an institution of our size, there are differing views [on crypto],” McDermott told Fortune, the first to report the news.

Goldman Sachs is increasingly involved in the crypto space from an institutional standpoint. This includes trading cash-settled crypto derivatives for clients and participating in the ETF markets. “We’ve continued to see, certainly this year, an uptick and a broadening in the product suite that clients would

like to see available,” he said.

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