Goldman Sachs is advancing its blockchain strategy by developing a platform for large financial institutions to create, trade, and settle financial instruments like bonds and cash. This initiative includes a partnership with Trade Markets to explore new digital use cases. Additionally, Goldman aims to facilitate secondary transactions in privately held digital companies and plans to resume Bitcoin-backed lending. Mathew McDermott, Global Head of Digital Assets, revealed plans to spin out the digital asset unit within 12 to 18 months, pending regulatory approval. This move aligns with industry trends, as other major banks like JPMorgan are also expanding into blockchain-based businesses.