A private division of Goldman Sachs is planning to offer Bitcoin and other crypto-assets investment services to the clients.
Goldman Sachs Group is an American multinational investment bank and financial services company, which is headquartered in New York City. Right now Goldman Sachs has its hand in all possible financial services, from investment banking to securities, and is known as a banking giant. In the past, Goldman Sachs showed bitter stances on Bitcoin and cryptocurrencies.
Recently the private wealth management division of Goldman Sachs hired Mary Catherine Rich as a new global head of digital assets. Under the leadership of Mary, Company will provide Bitcoin & crypto investment within its private division to its clients.
Just a couple of days ago, Mary Rich appeared in an interview with CNBC. Mary said that Goldman Sachs is working with its full potential to offer investment product services for its clients and it will be available soon after the middle of this year.
“We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private equity clients, and that is something we look forward to delivering in the near term.”
Mary Rich also said that they are looking to bring a toolkit for their clients to make them able to invest in Bitcoin and cryptocurrencies through different ways of investment.
Crypto regulation framework and demand
These new steps by such banking giants are showing that crypto regulatory frameworks are now becoming clear and there are also room for the banks to involve and evolve with the crypto industry.
Recently, JPMorgan, which is an American financial multinational that operates as an investment bank and broker-dealer, announced plans to launch its crypto-backed funds for clients. And probably such steps are forcing Goldman Sachs-like companies to go with the crypto and blockchain industry.
Thanks to the better crypto regulatory framework, which is now much more transparent, and also efforts by the crypto-friendly US lawmakers and Bitcoin proponents like Microstrategy CEO Michael Saylor, who remain ready to push the adoption of Bitcoin in every situation, by presenting the positive facts of adoption.