Goldman Sachs plans to launch 24/7 tokenized US bond and money market fund trading services

PANews May 3, According to CryptoSlate, Mathew McDermott, head of Goldman Sachs' digital assets department, said at the TOKEN2049 conference in Dubai that the bank plans to launch a 24/7 trading service with tokenized U.S. Treasury and money market fund shares.

Goldman Sachs currently operates the crypto derivatives trading desk and plans to launch three tokenization projects in 2025, including the U.S. fund tokenization project and euro-denominated digital bonds. In addition, Goldman Sachs is considering spinning off its Digital Asset Platform (GS DAP) into a separate entity to serve multiple institutions and improve efficiency and liquidity.