BlockBeats News, May 3rd, according to CryptoSlate, Mathew McDermott, Head of Digital Assets at Goldman Sachs, stated at the TOKEN2049 conference in Dubai that the bank plans to launch a 24/7 trading service for tokenized U.S. Treasuries and money market fund shares.
Goldman Sachs currently operates a cryptocurrency derivatives trading desk and plans to launch three tokenization projects by 2025, including a U.S. fund tokenization project and a Euro-denominated digital bond. Furthermore, Goldman Sachs is considering spinning off its digital asset platform (GS DAP) into a standalone entity to serve multiple institutions, enhance efficiency, and improve liquidity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.