As its peers in traditional finance push deeper into crypto—including BlackRock's Bitcoin ETF and Fidelity's trading platform—Goldman Sachs is preparing to make a move of its own. This comes as the 150-year-old banking behemoth is seeing a major uptick in interest from clients, digital assets global head Mathew McDermott told Fortune.
McDermott says Goldman Sachs intends to expand its crypto offerings, including ambitious initiatives in the red-hot sector of tokenization, where so-called "real-world assets" such as money market funds and real estate holdings are issued on public or private blockchains. According to McDermott, Goldman Sachs is set to launch three tokenization projects by the end of the year with major clients, including its first in the U.S.
