April 24, 2024

Goldman Sachs may have a service for storing cryptocurrencies

Goldman Sachs, one of the world's largest investment banks, issued a request for information,to explore the possibilities of storing digital assets.

CoinDesk writes about this with reference to a source.within the organization. According to him, the bank’s plans in this area “will soon be clear.” At least one prominent participant in the cryptocurrency custody business received a request from Goldman Sachs in late 2020, the publication said.

“Like JPMorgan, we have submitted a request forstorage of digital assets. We are studying this topic extensively and deciding what steps to take in the future, ”the source said. JPMorgan issued a similar request in October 2020.

also stated that the latest measures are part ofthe bank's broader strategy in the field of digital assets. In particular, he mentioned stablecoins and the US Office of the Comptroller of the Currency's recent clarification on this matter.

Anchorage Crypto Depository This Weekreceived a license from the National Bank in the United States. Asked about partnerships with JPMorgan, Goldman Sachs and Citi, which may be involved in one way or another in providing crypto custody services, Anchorage President Diogo Monica said his firm is in talks with all of them.

There is also information that GoldmanSachs can offer its clients primary brokerage services in the cryptocurrency market. Nevertheless, the source claims that the bank is interested in storage, and not in other areas.

“Anchorage, BitGo and Coinbase have big plans in the primary brokerage space and we are not going to duplicate them,” he said.

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