Goldman Sachs plans to spin-out its digital assets platform, Bloomberg News reports

Quick Summary:

Goldman Sachs 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, Bloomberg News reported on Monday.

Goldman Sachs did not immediately respond to a Reuters request for comment.

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 head of digital assets, said, according to the report.

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Category: EconomyBusiness

Markets: Singapore

Topics: Mediacorp Experience Financial File Goldman Logo Sachs Plans York Company Photo:

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Published On: 2024-11-18 @ 22:34:47 (5 hours ago)

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Language: English

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