Goldman Sachs plans to go all in on digital assets and tokenization

Source Cryptopolitan

Goldman Sachs has announced its intention to expand its digital asset operations with an emphasis on tokenization and crypto lending. 

Within the traditional financial sector, there has been a growing interest in offering cryptocurrency services to clients. Goldman Sachs is joining the ranks of other banks like Morgan Stanley and Charles Schwab that intend to launch cryptocurrency trading services for their clients.

Goldman Sachs talks expansion into digital asset trading and tokenization

At the TOKEN2049 event, Mathew McDermott, the Global Head of Digital Assets at Goldman Sachs, explained Goldman Sachs’ plans to expand its digital asset trading offerings.

He stated that the company was looking into exploring crypto lending and making substantial investments in tokenization. The firm intends to meet its increasing client demand for digital asset services with this move. It also intends to secure the required regulatory approvals to ease the progress of these initiatives.

Tokenization, which is the process of converting real-world assets into digital tokens on a blockchain, is a central focus of Goldman Sachs’ strategy. The firm aims to enhance liquidity and streamline its asset management processes through tokenizing assets such as private equity, bonds, and other financial instruments.

Goldman Sachs’ digital asset platform, GS DAP®, plays an important role in this tokenization expansion strategy as it is designed to digitize and manage users’ assets in real-time while providing interoperability with other platforms and networks.

Goldman Sachs announced in November 2024 that it was developing its digital asset platform into an industry-owned distributed technology solution and collaborating with partners like Tradeweb to bring new commercial use cases to the platform.

The platform supports various asset classes, including debt and cash solutions.

The banking industry is merging with the crypto sector

Several major banks plan to expand their operations to include cryptocurrency offerings in 2025 and 2026. The influx of interest in cryptocurrency services from these banks is due to the current favorable regulatory environment under the Trump administration. The current U.S. government has relaxed the previous restrictions on banks engaging in crypto activities.

Morgan Stanley announced plans to introduce cryptocurrency trading on its E*Trade platform by 2026. The project is an attempt to provide retail investors with direct access to cryptocurrencies like Bitcoin and Ethereum. Morgan Stanley is currently exploring partnerships with established crypto firms to achieve this goal.

In 2026, both Charles Schwab and State Street will be launching their crypto services. Charles Schwab is preparing to offer crypto trading services, while State Street plans to launch its crypto custody services.

State Street’s entry is most notable as the company has $46T in assets under custody. The firm previously partnered with Taurus for custody technology.

Citigroup is also preparing to enter the crypto custody arena. The company is currently exploring ways to offer secure storage solutions for digital assets.

Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
Apr 21, Mon
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in MayEthereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
Author  Beincrypto
May 07, Wed
Ethereum (ETH) has declined for five consecutive months. However, it enters May with rising optimism.
placeholder
Ethereum Price Ready to Surge—$2,000 Level Could Be Within ReachEthereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
Author  NewsBTC
May 08, Thu
Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.
placeholder
Ethereum Price Explodes Past $2,200 with 25% Surge—Momentum Builds FastEthereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
Author  NewsBTC
May 09, Fri
Ethereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.
placeholder
Gold edges higher after Trump’s bill boosts bond market uncertaintyGold (XAU/USD) price extends its weekly gains, trading near $3,330 at the time of writing on Friday, up nearly 1% on the day, on a new tailwind for the safe haven precious metal.
Author  FXStreet
17 hours ago
Gold (XAU/USD) price extends its weekly gains, trading near $3,330 at the time of writing on Friday, up nearly 1% on the day, on a new tailwind for the safe haven precious metal.
goTop
quote