In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n
In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n
Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19695,"post_author":"21","post_date":"2024-11-24 22:09:52","post_date_gmt":"2024-11-24 11:09:52","post_content":"\n Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19695,"post_author":"21","post_date":"2024-11-24 22:09:52","post_date_gmt":"2024-11-24 11:09:52","post_content":"\n Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19695,"post_author":"21","post_date":"2024-11-24 22:09:52","post_date_gmt":"2024-11-24 11:09:52","post_content":"\n Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19695,"post_author":"21","post_date":"2024-11-24 22:09:52","post_date_gmt":"2024-11-24 11:09:52","post_content":"\n Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19695,"post_author":"21","post_date":"2024-11-24 22:09:52","post_date_gmt":"2024-11-24 11:09:52","post_content":"\n Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The role's exact nature remains uncertain. It could be a White House staff position or a \u201ccrypto czar\u201d overseeing policy coordination among federal agencies. Industry advocates want the position to report directly to Trump.<\/p>\n\n\n\n The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19695,"post_author":"21","post_date":"2024-11-24 22:09:52","post_date_gmt":"2024-11-24 11:09:52","post_content":"\n Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
This would mark the first crypto-specific White House position that signals the industry's significance in Trump\u2019s administration. Trump attracted crypto supporters by pledging to make the U.S. the \u201cworld\u2019s crypto capital\u201d and reduce regulatory pressures.<\/p>\n\n\n\n The role's exact nature remains uncertain. It could be a White House staff position or a \u201ccrypto czar\u201d overseeing policy coordination among federal agencies. Industry advocates want the position to report directly to Trump.<\/p>\n\n\n\n The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19695,"post_author":"21","post_date":"2024-11-24 22:09:52","post_date_gmt":"2024-11-24 11:09:52","post_content":"\n Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n In light of the growing demand and popularity of digital assets, Goldman has been a leading Wall Street Bank with eyes on the sector. In July, the bank mentioned its plans to launch three new tokenization products in the US and Europe. The bank also seeks to create marketplaces for tokenized real-world assets.\u00a0<\/p>\n\n\n\n Goldman has made inroads following the approvals of spot Bitcoin ETFs<\/a> earlier this year. The bank was, alongside other asset managers Capula Management and Avenir Tech, the biggest buyers of BTC ETFs in the second quarter of 2024.\u00a0<\/p>\n","post_title":"Goldman Sachs Reportedly Wants To Spin Its Crypto Platform","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"goldman-sachs-reportedly-wants-to-spin-its-crypto-platform","to_ping":"","pinged":"","post_modified":"2024-11-24 22:09:58","post_modified_gmt":"2024-11-24 11:09:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19695","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
President-elect Donald Trump may establish a White House role focused solely on cryptocurrency policy, Bloomberg reported <\/a>on Nov. 20. His team is consulting industry leaders and evaluating candidates at his residence in Mar-a-Lago.<\/p>\n\n\n\n This would mark the first crypto-specific White House position that signals the industry's significance in Trump\u2019s administration. Trump attracted crypto supporters by pledging to make the U.S. the \u201cworld\u2019s crypto capital\u201d and reduce regulatory pressures.<\/p>\n\n\n\n The role's exact nature remains uncertain. It could be a White House staff position or a \u201ccrypto czar\u201d overseeing policy coordination among federal agencies. Industry advocates want the position to report directly to Trump.<\/p>\n\n\n\n The appointee would lead a small team, liaising between Trump, Congress, and federal agencies like the SEC and CFTC. Bloomberg reported that Coinbase CEO Brian Armstrong and ex-Coinbase executive Brian Brooks met with Trump on Nov. 19.<\/p>\n\n\n\n See Related: <\/em><\/strong>Crypto Mining Is a Threat To The U.S. Climate Commitments And Goals, White House Appraised<\/a><\/p>\n\n\n\n Donald Trump\u2019s recent promises have sparked hope in the crypto community. He plans to create<\/a> a national Bitcoin reserve, keeping seized Bitcoin as a strategic asset rather than auctioning it. He also aims to securely protect Americans' rights to mine and store cryptocurrency.<\/p>\n\n\n\n Trump also pledged to block the creation of a U.S. Central Bank Digital Currency. On day one he promised to fire SEC Chair Gary Gensler to ease regulatory challenges for crypto startups and plans to free<\/a> Ross Ulbricht, founder of the Silk Road marketplace. These promises reflect his vision of making the U.S. a leader in cryptocurrency innovation.<\/p>\n","post_title":"Trump Eyes First-Ever White House Crypto Role","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"trump-eyes-first-ever-white-house-crypto-role","to_ping":"","pinged":"","post_modified":"2024-11-24 22:39:03","post_modified_gmt":"2024-11-24 11:39:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19715","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":19695,"post_author":"21","post_date":"2024-11-24 22:09:52","post_date_gmt":"2024-11-24 11:09:52","post_content":"\n Investment bank Goldman Sachs is set to spin its cryptocurrency platform in favour of a separate industry-owned company. The new company to be created will focus on creating, trading, and settling financial instruments on blockchain.<\/p>\n\n\n\n Goldman says the digital assets platform, known as GS DAP, will partner with Tradeweb Markets, an electronics trading entity, and others to expand its platform uses. The bank\u2019s global head of digital assets, Mathew McDermott, said<\/a> in an interview:<\/p>\n\n\n\n \u201cThe bank is in talks with a number of market participants on the plans as it continues to build out the platform\u2019s capabilities and develop new commercial use cases.\u201d<\/em><\/p>\n\n\n\n Plans for the spinout are still in the early stages, but McDermott says the bank expects to complete the process in the next 12 to 18 months, subject to regulatory approvals.<\/p>\n\n\n\n See Related: <\/em><\/strong>HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations<\/a><\/p>\n\n\n\n
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