Goldman Sachs To Spin Out Digital Assets Platform Amid Blockchain Push - Goldman Sachs Gr (NYSE:GS)

Goldman Sachs To Spin Out Digital Assets Platform Amid Blockchain Push - Goldman Sachs Gr (NYSE:GS)

Goldman Sachs Group Inc. NYSE: GS) is advancing its blockchain ambitions, planning to spin out its digital-assets platform into an independent company within the next 12 to 18 months. What Happened: The platform aims to enable large financial institutions to create, trade, and settle financial instruments using blockchain technology, Bloomberg reported. Mathew McDermott, Goldman's global head of Digital Assets, revealed the plans, emphasizing th…

Goldman Sachs looking to spin out its digital assets platform

:Goldman Sachs is exploring options to spin out its technology platform housed under its digital assets business, the Wall Street bank said on Monday.Plans for the new company are in the early stages, but Goldman aims to execute the spin-out within the next 12 to 18 months, Mathew McDermott, the bank's global

Goldman Readies Plans to Spin-Out Its Digital Assets Platform

Goldman Sachs Group Inc is speaking with potential partners as it plans to spin out its digital-assets platform into a new company for large financial firms to create, trade and settle financial instruments via blockchain technology.

Goldman Sachs to Transform Digital Assets into Blockchain Platform

Goldman Sachs plans to create a blockchain-based platform for faster trading and settlement within 12–18 months. The bank is launching tokenization projects and developing a marketplace for tokenized assets by the end of 2024. Goldman Sachs, one of the world’s top investment banks with over $3 trillion in assets under management, has announced intentions to transform its Digital Asset Platform into a blockchain-based venture, according to Reut…

Goldman Sachs to Spin Off Digital Asset Platform into Blockchain Venture

According to a Bloomberg report, the bank is in discussions with potential partners to create a company aimed at enabling […] The post Goldman Sachs to Spin Off Digital Asset Platform into Blockchain Venture appeared first on CoinsPress.

Goldman Sachs to Spin Off Blockchain Platform GS DAP

Goldman Sachs has announced its intention to spin off GS DAP, a blockchain-based platform designed for digital capital market participants, from its Digital Assets division. The institution stated its goal of transforming GS DAP into an industry-owned distributed technology solution. According to the company’s release, this move aligns with its vision to deliver a platform that enhances market connectivity and infrastructure while unlocking new …