Bank

<h4><strong>According to <a href="https://fortune.com/crypto/2024/07/10/goldman-sachs-launch-tokenization-bitcoin-etfs-crypto-mcdermott/" target="_blank" rel="noopener">Mathew McDermott</a>, the global head of digital assets at Goldman Sachs, the banking giant plans to launch three tokenization projects. </strong></h4> 
<p>The goal is to launch them by the end of the year. This move marks its deeper foray into the sector. Let’s explore more about this important news for Tokenization.</p> 
<h5><strong>Goldman Sachs’ Tokenization Expansion</strong></h5> 
<p>These projects will involve issuing “real world assets” such as money market funds and real estate holdings on public or private blockchains. This is a move aimed at enhancing liquidity and accessibility in asset markets.</p> 
<p>McDermott highlighted Goldman Sachs’ proactive stance in the institutional crypto space. This includes trading cash-settled crypto derivatives and participating in the <a href="https://www.altcoinbuzz.io/?s=etf" target="_blank" rel="noopener">ETF markets</a> on behalf of clients. He emphasized a growing demand from clients for a broader product suite. This reflects a maturing interest in digital assets and their potential applications in traditional financial services.</p> 
<p><img decoding="async" class="wp-image-145274 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cxvvbbnvhnhjjhmjh-285x300.jpg" alt="" width="479" height="504" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cxvvbbnvhnhjjhmjh-285x300.jpg 285w, https://www.altcoinbuzz.io/wp-content/uploads/2024/07/cxvvbbnvhnhjjhmjh.jpg 391w" sizes="(max-width: 479px) 100vw, 479px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/NateGeraci/status/1811036630918029350" target="_blank" rel="noopener">X</a></strong></h6> 
<p>Goldman Sachs has already made strides in the crypto space, collaborating on notable projects like a bond issuance with the <a href="https://www.eib.org/en/press/all/2022-448-eib-innovates-further-with-project-venus-the-first-euro-denominated-digital-bond-on-a-private-blockchain" target="_blank" rel="noopener">European Investment Bank</a> in 2022. Also, about tokenizing a sovereign green bond for the <a href="https://www.hkma.gov.hk/eng/key-functions/international-financial-centre/bond-market-development/government-sustainable-bond-programme/" target="_blank" rel="noopener">Hong Kong Monetary Authority</a> in 2023.</p> 
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     The launch of the Goldman Sachs Digital Asset Platform in 2023 underscores its commitment to facilitating the tokenization of assets. It also highlights its dedication to integrating blockchain technology into financial markets.
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<p>As Goldman Sachs continues to expand its crypto offerings, McDermott emphasized the strategic importance of these initiatives in meeting client needs and driving innovation in digital finance. The bank’s move towards tokenization represents a significant step towards transforming how traditional assets are managed and traded, leveraging the efficiency and transparency benefits of blockchain technology.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/goldman-sachs-expands-crypto-and-tokenization-initiatives/">Goldman Sachs Expands Crypto and Tokenization Initiatives</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Goldman Sachs Expands Crypto and Tokenization Initiatives

Altcoin Buzz

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