U.S. banking powerhouse Goldman Sachs has issued a request for info (RFI) to discover digital asset custody, in accordance with a supply contained
U.S. banking powerhouse Goldman Sachs has issued a request for info (RFI) to discover digital asset custody, in accordance with a supply contained in the financial institution.
When requested about timing, the Goldman supply mentioned the financial institution’s custody plans could be “evident quickly.”
Goldman’s digital asset custody RFI was circulated to at the very least one well-known crypto custody participant towards the top of 2020.
“Like JPMorgan, we have now issued an RFI digital custody. We’re broadly exploring digital custody and deciding what the subsequent step is,” mentioned the Goldman supply, who requested to not be named. (An RFI on crypto custody was issued by JPMorgan in October 2020, as reported by The Block.)
The Goldman insider mentioned the financial institution’s digital property initiative was “a part of a broad digital technique,” citing stablecoins in relation to current missives from the U.S. Workplace of the Comptroller of the Foreign money (OCC).
A tectonic shift occurred on this planet of crypto custody final week, as San Francisco-based Anchorage attained conditional approval from the OCC to turn out to be a nationwide digital financial institution and “unequivocally” meet the definition of “certified custodian” within the course of.
Anchorage President Diogo Mónica mentioned in an interview this regulatory approval will invite many massive and risk-averse institutional gamers into crypto.
When requested about JPMorgan, Goldman and Citi – the three huge U.S. banks most are watching in relation to crypto custody – Mónica mentioned: “We’re speaking to all these guys.”
There was chatter about Goldman maybe providing one thing akin to prime brokerage companies involving crypto. Nonetheless, the Goldman insider mentioned the financial institution is custody however not prime brokerage.
“Anchorage, BitGo and Coinbase have fairly grand plans in crypto prime brokerage and we’d not be trying to duplicate these,” mentioned the Goldman supply.
When requested about timing, the Goldman supply mentioned the financial institution’s custody plans could be “evident quickly.”
Goldman’s digital asset custody RFI was circulated to at the very least one well-known crypto custody participant towards the top 2020.
“Like JPMorgan, we have now issued an RFI digital custody. We’re broadly exploring digital custody and deciding what the subsequent step is,” mentioned the Goldman supply, who requested to not be named. (An RFI on crypto custody was issued by JPMorgan in October 2020, as reported by The Block.)
The Goldman insider mentioned the financial institution’s digital property initiative was “a part of a broad digital technique,” citing stablecoins in relation to current missives from the U.S. Workplace of the Comptroller of the Foreign money (OCC).
A tectonic shift occurred on this planet of crypto custody this week, as San Francisco-based Anchorage attained conditional approval from the OCC to turn out to be a nationwide digital financial institution and “unequivocally” meet the definition of “certified custodian” within the course of.
Anchorage President Diogo Mónica mentioned in an interview this regulatory approval will invite many massive and risk-averse institutional gamers into crypto.
When requested about JPMorgan, Goldman and Citi – the three huge U.S. banks most are watching in relation to crypto custody – Mónica mentioned: “We’re speaking to all these guys.”
There was chatter about Goldman maybe providing one thing akin to prime brokerage companies involving crypto. Nonetheless, the Goldman insider mentioned the financial institution is custody however not prime brokerage.
“Anchorage, BitGo and Coinbase have fairly grand plans in crypto prime brokerage and we’d not be trying to duplicate these,” mentioned the Goldman supply.