According to a recent report by Fortune, Goldman Sachs plans to launch three new tokenization products in the United States and Europe later this year, due to increased interest from clients in the cryptocurrency market.
In an interview with the publication on July 10, the investment bank’s global head of digital assets, Mathew McDermott, stated that they have seen a significant uptick in demand and are now actively working on creating marketplaces for tokenized real-world assets and focusing on the “fund complex” in the United States and European debt markets.
While not providing specific details, McDermott shared that the investment bank’s target audience for these products will be financial institutions, not retail investors, and will utilize permissioned blockchains exclusively.
He also mentioned that the marketplace for tokenized real-world assets will stand out due to its quick processing times and the wide range of assets accepted as collateral.
