Goldman Sachs has promoted a managing director of internal funding operations to its global head of digital assets. The London-based Matthew McDermott stepped into the role in June of this year, and he's already eyeing a possible token project.
McDermott told CNBC that the investment bank is "exploring" the creation of its own fiat-tied token, remarking: "We are exploring the commercial viability of creating our own fiat digital token, but it's early days."
JPMorgan released its own coin for blockchain payments last year, and Goldman Sachs seems to be taking notice. McDermott has hired Oli Harris, JPMorgan's former head of digital asset strategy, as an executive director of digital asset strategy. Harris helped develop JPM Coin during his time with the bank.
McDermott also indicated …