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Goldman Sachs Says It’s Open to Adding Staff to Digital Assets Team: Bloomberg

The investment bank’s tokenization platform was used by Hong Kong to sell digital bonds last week.

(Ramin Talaie/Getty Images)
(Ramin Talaie/Getty Images)

Investment bank Goldman Sachs said it’s open to hiring additional workers in its digital asset group, according to a report from Bloomberg.

The team’s global head, Mathew McDermott, told Bloomberg the bank is “hugely supportive” of blockchain applications, and that the roughly 70-person group would hire “as appropriate” in 2023.

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Last week, Hong Kong used Goldman’s private tokenization platform, GS DAP, to sell an initial group of digital green bonds. The city-state sold $102 million of the bonds and cut settlement time from five days after the trade to just one, according to Bloomberg.

The digital assets group’s hiring orientation is notable given that Goldman initiated a large round of layoffs last month, cutting roughly 3,200 employees. The crypto industry has also been awash in layoffs over the last year.

Nelson Wang

Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.

Nelson Wang