Goldman Sachs is launching a new company focused on its digital assets platform, which will enable large financial institutions to create, trade, and settle financial instruments using blockchain technology. The investment bank is in discussions with potential partners to expand the platform's capabilities and explore commercial applications. The spin-off is expected to be finalized within the next 12 to 18 months, subject to regulatory approval. Tradeweb Markets Inc. has become the first strategic partner for the digital assets platform. Goldman Sachs is also exploring ways to support secondary market transactions for private digital asset companies. The firm has maintained a bullish stance on Bitcoin and has made significant investments in Bitcoin and Ethereum ETFs. In July, Goldman Sachs announced plans to roll out three tokenization projects in 2024.



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