Technological innovations continue to disrupt traditional sectors, and finance is no exception to this transformation. In an important decision, Goldman Sachs, one of the heavyweights of Wall Street, announces the split of its crypto platform to make it an independent entity. This project, which takes place in a context of growing adoption of blockchain technologies, raises many questions about the future of institutional finance.
A split to boost institutional innovation
Goldman Sachs has confirmed that it is working to spin off its crypto platform, with the aim of making it a standalone company dedicated to the development and trading of blockchain-based financial instruments. According to Mathew McDermott, global head of crypto at Goldman, the move aims to create a structure that “belongs to the industry,” better suited to the sector’s rapid evolution. “It’s in the best interest of the market to have something that is driven by all the players,” he said. declared at Bloomberg.
Through an association with strategic partners such as Tradeweb Markets, the new entity hopes to expand its technological capabilities and design new offerings tailored to the needs of financial institutions. This transformation is expected to take 12 to 18 months, subject to regulatory approvals. Such a project reflects Goldman Sachs' desire to position itself as a central player in the convergence between traditional finance and blockchain.
The rise of tokenized assets: a growing market
Last July, Goldman Sachs had already revealed its ambition to launch several tokenization products, notably Real-World Assets, or RWAs, intended mainly for institutions. These products are based on permissioned blockchains, which offer both speed and security.
McDermott also highlighted the growing role of ETFs in this dynamic. Since US regulators approved several Bitcoin and Ether ETFs, the market has seen increased demand for more diversified investment solutions. The tokenization of US Treasury bonds, estimated at $2.4 billion in total value blocked, illustrates the appeal of these new financial tools which offer secure returns.
This split could transform the way institutions approach digital finance. Through the creation of a more flexible and collaborative framework, Goldman Sachs is paving the way for broader adoption of blockchain technologies among institutional players. However, this initiative will face the challenge of evolving in a complex and constantly evolving regulatory landscape. As demand for tokenized assets continues to grow, this project could well redefine the role of big banks in the crypto ecosystem.
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