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Goldman Sachs Says It Is Exploring the Tokenization of Real Assets
The global investment bank says it is looking into NFTs in the context of financial instruments because that is where the power is.
Goldman Sachs (GS) said it is examining non-fungible tokens (NFT), particularly the "tokenization of real assets," as the investment bank dives deeper into the crypto space.
- The metaverse, where real-world assets like real estate are bought and sold as NFTs, has been garnering the attention of big names in financial services and a range of other industries.
- "We are actually exploring NFTs in the context of financial instruments, and actually there the power is actually quite powerful. So we work on a number of things," Mathew McDermott, global head of digital assets at Goldman Sachs, said at the Financial Times Crypto and Digital Assets Summit on Wednesday.
- The bank has dived into crypto. It started offering bitcoin (BTC) derivatives to investors in 2021 and conducted its first over the counter crypto trade with the digital-asset financial company Galaxy Digital in March of this year.
Camomile Shumba
Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner. Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.
