Goldman Sachs to Convert Its Digital Asset Platform Into a New Company
In what is a massive development for the industry, $3 trillion investment bank Goldman Sachs is reportedly set to convert its digital asset platform into a new company. Indeed, the firm is set to turn it into a blockchain venture, according to a Bloomberg report. The bank is currently speaking with prospective partners, the report notes. Moreover, the new company will be created for larger financial firms to “create, trade, and settle financial instruments via blockchain technology.” The plans to spin out the existing platform will reportedly coincide with the development of new capabilities and use cases. https://twitter.com/WatcherGuru/status/1858529107857850535 Also Read: Goldman Disclosses $710 Million Bitcoin ETF Holdings Goldman Sachs to Create New Blockchain Venture Out of Digital Asset Platform It has been a game-changing year for cryptocurrencies. Since January, the asset class has seen its overall prevalence skyrocket with institutional investment interest surging....