The Goldman Sachs Group Inc.'s Digital Assets Chief Mathew McDermott told Fortune magazine on Wednesday that the financial holding company plans to launch three tokenization projects by the end of the year with major clients, including its first in the United States.
According to McDermott, Goldman Sachs intends to expand its crypto offerings, with a particular focus on ambitious initiatives in the field of tokenization, where traditional assets, such as money market funds and real estate holdings, are converted into digital tokens that can be sold, held, and traded on public or private blockchains.
"There's no point doing it just for the sake of it," he added. "The definite feedback is, this is something that actually will change the nature of how they can invest."
