Key Takeaways:
- Goldman Sachs to launch three new tokenization products in 2024 targeting the U.S. and Europe.
- Focus on creating marketplaces for tokenized real-world assets (RWAs) using permissioned blockchains.
- Renewed crypto interest due to rising digital asset ETFs and anticipated spot Ether ETFs.
Goldman Sachs is set to launch three new tokenization products in 2024, targeting the U.S. and Europe due to rising client interest in crypto.
These products will focus on creating marketplaces for tokenized real-world assets (RWAs), especially in the U.S. fund complex and European debt markets, aimed at financial institutions and using permissioned blockchains.
JUST IN: $1.64 trillion asset manager Goldman Sachs to launch three tokenization projects this year.
— Watcher.Guru (@WatcherGuru) July 10, 2024
The RWA marketplace will emphasize fast execution and diverse collateral options.
The renewed crypto momentum is partly due to the growing number of digital asset ETFs, with several spot Ether ETFs expected to trade soon.
GOLDMAN SACHS TO LAUNCH THREE TOKENIZATION PROJECTS BY END OF YEAR, SAYS DIGITAL ASSETS CHIEF
— *Walter Bloomberg (@DeItaone) July 10, 2024
As its peers in traditional finance push deeper into crypto—including BlackRock’s Bitcoin ETF and Fidelity’s trading platform—Goldman Sachs is preparing to make a move of its own. This…
RWA funds are becoming popular, with examples like BlackRock’s BUIDL and Franklin Templeton’s FOBXX managing significant assets.
Goldman Sachs’ crypto opportunities could expand further with a more favorable regulatory environment post the upcoming presidential election.
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