Goldman Sachs Expands Into Crypto Trading and Tokenization

By: bitcoin ethereum news|2025/05/02 12:45:01

Marie

BTC

Dubai Coin

Key Notes Goldman Sachs aims to expand its crypto trading operations. The firm is exploring crypto lending and asset tokenization. Expansion plans await regulatory approval from authorities. Goldman Sachs recently announced its intention to strengthen its presence in the crypto ecosystem through initiatives in tokenization and lending. This was revealed by Matthew McDermott, the bank’s global head of Digital Assets, while speaking with CNBC’s Dan Murphy during the TOKEN2049 event in Dubai. McDermott explained that the investment bank is planning to expand its crypto trading operations, while also exploring opportunities in crypto lending and tokenization. He further noted that an increasing number of Goldman Sachs clients are seeking digital assets that enable direct interaction with cryptocurrencies. In response to this growing demand, the firm is working toward implementing these initiatives, contingent on obtaining the necessary regulatory approvals, particularly from the U.S. Securities and Exchange Commission (SEC). The firm, once primarily involved in secondary market transactions like private equity, is now broadening its scope to include tokenization and collateral liquidity. In 2021, Goldman Sachs launched its crypto trading desk and offered cash-settled Bitcoin and Ether options, as well as futures contracts listed on the CME. Nonetheless, the firm refrained from directly handling the underlying crypto assets. Banks and Adoption of Cryptocurrency This change highlights an increasing adoption of digital assets by traditional financial institutions. Recently, Morgan Stanley announced that it intends to incorporate crypto trading in its E*trade platform in 2026. The investment firm disclosed that it was planning on partnering with existing crypto firms to implement their new feature. The crypto regulatory environment in the U.S. has seen a notable shift under Donald Trump’s leadership, with investigations into companies like Coinbase and PayPal reportedly being dropped. Eric Trump, executive vice president of the Trump Organization and son of the former president, has been an outspoken advocate for digital assets, emphasizing that the financial system must embrace cryptocurrencies or risk becoming obsolete. Speaking at the TOKEN2049 event, Eric went a step further, predicting that cryptocurrencies could eventually replace traditional fiat currencies and payment systems. The recent moves by major financial institutions like Goldman Sachs and Morgan Stanley to adopt crypto strategies lend some weight to this bold vision. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Cryptocurrency News, News Rose is a crypto content writer with a strong background in finance and tech. She simplifies complex blockchain and cryptocurrency topics, offering insightful articles and market analysis to help readers navigate the evolving crypto landscape. Rose Nnamdi on LinkedIn Source: https://www.coinspeaker.com/goldman-sachs-eyes-expansion-in-crypto-trading/

-- Price

Peeling back its smooth trading interface to examine the underlying legal relationships and settlement processes, you will find that this is far from a simple "RWA asset revolution," but rather a complex game of interests involving spot pricing, rights ownership, and the monopoly of underlying custo...

In such a crowded cross-border payment arena, where is the next stop for the future?

Only by stepping into the mud can one have the chance to touch gold.

Why Is Bitcoin Down in 2026? What We Can Learn From 2022

Why is Bitcoin down in 2026? Bitcoin has just recorded its worst first half since 2022, with back-to-back quarterly losses, record ETF outflows, and extreme fear. Here's what history says, how 2026 differs from the last bear market, and the three signals traders should wat

The large models in the United States are moving towards closure in the name of security

The government successfully inserted itself as an approver between commercial AI models and their users for the first time.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Overview of Important Market Events on June 25

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet

The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog

How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?

The competition logic of exchanges has changed.

Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?

Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited

WEEX Launches Depth Chart for Spot Trading

WEEX Spot now supports Depth Chart, helping users visualize buy and sell orders, spot liquidity walls, and understand market depth more clearly before placing trades.

MiCA reshuffle begins, Binance temporarily bids farewell to the EU

What Binance leaves behind is not scattered retail investors, but a whole batch of high-value users who are forced to liquidate and have almost nowhere to go.