According to Bloomberg, Goldman Sachs is preparing to turn its digital assets platform into an independent company (spin-out) in the next 12 to 18 months.
According to the news, Goldman is in talks with various market participants to establish partnerships while laying the foundations of the new organization. The spin-out will be subject to regulatory approvals and plans are still in the early stages.
The proposed company will enable financial institutions to create, trade and pay financial instruments using blockchain technology. Tradeweb Markets, an electronic trading platform, will collaborate with Goldman Sachs to explore new trading applications for its digital assets platform.
“It’s in the market’s interest to own something that the industry has,” said Mathew McDermott, Goldman’s global head of Digital Assets, outlining the collaborative vision for the platform.
The spin-off aims to offer a broad range of services, including facilitating secondary transactions for private digital asset companies. In this way, customers such as family offices will be provided with access to liquidity, while buyers will be offered the opportunity to invest with special market discounts.
Goldman Sachs also plans to continue Bitcoin-backed lending, signaling its confidence in the growing demand for digital asset financial services.
“If you’re trying to build a scalable market, you want to have the right strategic participants embracing that technology,” McDermott said. “You want a number that’s fast enough to operate, driven by commercial use cases.”
*It is not an investment recommendation.
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Source: https://www.bitcoinsistemi.com/2-8-trilyon-dolari-yoneten-sirket-de-kripto-paralarda-yukselise-dayanamiyor-yeni-adimi-attilar/
