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Goldman Sachs plans to launch a 24/7 tokenized Treasury and money market fund trading service

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2025-05-03 02:36:02
According to CryptoSlate, Mathew McDermott, head of Goldman Sachs' digital asset division, said at the TOKEN2049 conference in Dubai that the bank plans to launch a 24/7 trading service for tokenized U.S. Treasury bonds and money market fund shares. Goldman Sachs currently operates a crypto derivatives trading desk and plans to launch three tokenization projects in 2025, including a U.S. fund tokenization project and a euro-denominated digital bond. In addition, Goldman Sachs is considering spinning off its digital asset platform (GS DAP) into a separate entity to serve multiple institutions and increase efficiency and liquidity.
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