cryptojournalist
Goldman Sachs is spinning off its crypto platform to form a new company. This fresh venture will focus on using blockchain to create financial products. The spinout could take up to 18 months, pending approval.
Partnering for Progress
Goldman is teaming up with companies like Tradeweb Markets to improve its blockchain platform. The new focus? Tokenizing real-world assets (RWAs) like Treasury bills and making them easy to trade.
Why Everyone’s Talking About Tokenized Assets
Tokenized assets are exploding in popularity. They’re fast, flexible, and have gained attention thanks to crypto ETFs. Goldman wants to target financial institutions with these tools, skipping over retail investors for now.
Treasury Debt Gets a Blockchain Upgrade
Tokenized U.S. Treasury debt is a hot market, now worth $2.4 billion. It’s low risk, offers solid returns, and fits perfectly into Goldman’s plans to expand its blockchain reach.
