Goldman Sachs to launch 3 new tokenization products this year – report
The products could include an RWA marketplace and will focus on the United States and Europe.
Goldman Sachs is preparing to launch three new tokenization products later this year in the United States and Europe following “a major uptick in interest from clients” in crypto, according to Fortune, which published an interview with Mathew McDermott, the investment bank’s global head of digital assets, on July 10.
McDermott declined to specify details but did say that Goldman Sachs plans to create marketplaces for tokenized real-world assets (RWAs) and would focus on the “fund complex” in the United States and European debt markets, according to the report.
McDermott reportedly added that the investment bank plans to target financial institutions, rather than retail investors, with its new products and will rely exclusively on permissioned blockchains. He said the RWA marketplace would differentiate itself with the speed of execution and by expanding the types of assets that can be used as collateral.
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Author: Alex O’Donnell
