Goldman Sachs to spin out crypto platform: Report
The investment bank is speaking to potential partners to add to the platform’s capabilities and develop new offerings.
Auto Added by WPeMatico
The investment bank is speaking to potential partners to add to the platform’s capabilities and develop new offerings.
Since the second quarter, Goldman Sachs has added $300 million to its portfolio in Bitcoin ETF holdings, increasing exposure by 71%.
After leaving crypto liquidity firm GSR in 2023, former Millennium and Pimco executives are coming back to crypto by launching a dedicated advisory firm.
Goldman Sach’s economists said the Federal Reserve could also cut rates next month, and analysts say this could be welcomed by Bitcoin traders.
The companies collectively purchased nearly $1.3 billion worth of Bitcoin ETF shares during the quarter.
The products could include an RWA marketplace and will focus on the United States and Europe.
Analysts were split over whether today’s AI investments would pay off in the next decade.
Getting regulatory approval has been crucial for companies, particularly in a tight regulatory environment during the crypto winter. As the final weeks of 2023 approach, […]
With $158 million of total capital raised since 2019, Fnality plans to launch the Sterling Fnality Payment System in 2023, subject to approval by the […]
