Goldman Sachs has announced plans to separate its crypto platform into a separate company that will focus on creating and trading blockchain-based financial instruments. The new organization will attract strategic partners such as Tradeweb Markets to expand the platform's capabilities.
According to the head of digital assets at Goldman Sachs, Matthew McDermott, the completion of the process is expected within 12-18 months, after receiving all necessary regulatory approvals. This move highlights the growing role of blockchain and tokenized assets in modern finance.