Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Goldman Sachs to Launch 3 Tokenization Projects by Year-End: Report
BLOCKCHAIN NEWS

Goldman Sachs to Launch 3 Tokenization Projects by Year-End: Report

By Crypto FlexsJuly 10, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Goldman Sachs to Launch 3 Tokenization Projects by Year-End: Report
Share
Facebook Twitter LinkedIn Pinterest Email

Key Points

  • Goldman Sachs targets institutional clients with new tokenization project
  • Banks want to differentiate themselves from competitors by adopting private blockchains.

Share this article

Follow Crypto Briefing on Google News

Fortune reported Wednesday that Goldman Sachs is preparing to launch three tokenization projects by year-end targeting major institutional clients, citing Matthew McDermott, Goldman Sachs’ global head of digital assets.

The upcoming development is part of a broader push into digital assets. McDermott said the bank sees tokenization, or converting real-world assets into digital tokens, as a key area of ​​opportunity.

McDermott said the focus will be on creating a marketplace for tokenized assets, speeding up transactions, and diversifying the types of assets that can be used as collateral. He said he plans to launch three tokenization projects by the end of the year, the first of which will be launched in the United States.

The bank’s move to tokenization includes efforts for its U.S. fund complex and European bond issuances, which aim to leverage private blockchains to comply with regulatory standards.

Goldman Sachs is looking to differentiate its approach from competitors like BlackRock and Franklin Templeton, which target retail clients and focus on public blockchains, through its upcoming project.

In March, Goldman Sachs, BNY Mellon, and other major institutions tested the Canton Network for seamless tokenized asset trading, along with numerous asset managers, banks, and exchanges.

SapphireSapphire

Goldman Sachs has also participated in similar projects, including the European Investment Bank bond issuance in 2022 and the Hong Kong Monetary Authority’s sovereign green bond tokenization in 2023.

The announcement comes amid a broader resurgence in the cryptocurrency market, with the launch of a spot Bitcoin ETF in the United States and growing interest in digital assets among institutional investors.

The debut of the spot Bitcoin fund has been a positive catalyst for the Bitcoin price. At the time of writing, Bitcoin is trading at around $57,700, according to TradingView data. Despite a 17% drop last month, Bitcoin is still up around 39% since the beginning of the year.

McDermott believes that the approval of spot ETFs for Bitcoin and Ethereum could enhance liquidity and attract more pension funds, insurance companies, and other institutional investors to cryptocurrencies. He also sees opportunities in tokenization, where financial assets are digitized and fractionalized, potentially attracting a wider group of investors and improving liquidity.

Share this article

Follow Crypto Briefing on Google NewsFollow Crypto Briefing on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

DOW JONES wins Streak with weak growth and cost increases.

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025
Most Popular

Binance Launchpool, Support for the new basic token ‘BLIND Computer’ project of personal data

March 23, 2025

In Worms of Valor slot, worms use melee weapons.

March 19, 2024

BYDFI and Director Leadger Nano X Limited Limited Global Campaign with limited bydfi x ledger

June 5, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.