Goldman Sachs to Launch Three Tokenization Projects and Funds by Year-End

Jul 10, 2024, 02:25 PM

Goldman Sachs is set to launch three tokenization projects by the end of the year, according to its digital assets chief, Mathew McDermott. This move comes as traditional finance peers, including BlackRock and Fidelity, deepen their involvement in the crypto space. The projects will focus on tokenizing debt issuances and other credit products on Ethereum, with potential plans to tokenize equities in the future. The initiative reflects Goldman Sachs' strategic push into digital assets and blockchain technology, including the launch of three tokenized funds.