Goldman Sachs Says It Is Exploring the Tokenization of Real Assets

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 BTC$85,775.31 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.