GS - Goldman Sachs To Launch Three Tokenization Projects By Year-End: 'It'll Change The Nature Of How Clients Can Invest' | Benzinga
Ahead of the year's end, Goldman Sachs (NYSE:GS) plans to roll out three new tokenization projects, expanding its crypto offerings.
What Happened: According to Fortune on Wednesday, these initiatives will include tokenizing real-world assets like money market funds and real estate holdings on public or private blockchains.
Matthew McDermott, global head of digital assets at Goldman Sachs, emphasized that the projects are driven by client demand, stating, "The definite feedback is, this is something that actually will change the nature of how they can invest."
Goldman Sachs has previously engaged in tokenization, including a bond issuance with the European Investment Bank and a sovereign green bond for the Hong Kong Monetary Authority.
One of the upcoming projects will focus on ...