Tokenization
Goldman Sachs to Launch Tokenization Projects in Crypto Space
Thursday. July 11 at 8:30 PM
1 min. readGoldman Sachs is set to introduce three tokenization initiatives by year-end, aiming to distinguish itself from competitors in the crypto market. The move comes as traditional finance players increasingly explore blockchain technology due to rising client interest in digital assets. The projects, led by Mathew McDermott, Goldman Sachs' global head of digital assets, will focus on asset tokenization, particularly Real World Assets (RWA). Initial plans target the US market, emphasizing the US fund complex and European debt issuance using private blockchains for regulatory compliance. This strategic move aligns with other financial giants like BlackRock and JPMorgan venturing into crypto. The rise of Bitcoin and Ethereum ETFs is expected to boost liquidity, attracting more institutional investors. Industry experts predict the RWA market to reach trillions by 2030, signaling a transformative shift in capital markets. Tokenizing tangible assets like bonds and real estate on blockchain networks is gaining traction, with projects like BlackRock's BUIDL leading the way.