Goldman Sachs to Launch 24/7 Tokenized Trading Services

According to PANews, on May 3, Mathew McDermott, head of Goldman Sachs' digital assets division, announced at the TOKEN2049 conference in Dubai that the bank plans to introduce 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 aims to launch three tokenization projects by 2025, including a U.S. fund tokenization initiative and euro-denominated digital bonds. Additionally, the bank is considering spinning off its digital asset platform, GS DAP, into an independent entity to serve multiple institutions, thereby enhancing efficiency and liquidity.