Goldman Sachs To Create Industry-Owned Blockchain Platform for Financial Trading

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Goldman Sachs To Create Industry-Owned Blockchain Platform for Financial Trading - CoinGape

Quick Summary:

According to Mathew McDermott, Goldman’s global head of Digital Assets, the platform leverages blockchain to enhance efficiency. More so, the platform will streamline the creation, trading, and settlement of financial instruments.

Goldman Sachs is preparing to spin out its digital assets platform into a new company focused on leveraging blockchain technology for large financial institutions.

In addition to the planned spin-out, Goldman Sachs is enhancing its digital asset offerings.