Goldman Sachs to Enter Crypto Market via Custody Services: Report
Wall Street banking giant Goldman Sachs is reportedly planning to enter the crypto market “soon,” via offering custody services.
According to a report by CoinDesk, an anonymous Goldman source says the bank has issued a request for information (RFI) to explore the viability of digital asset custody.
The source alleged Goldman’s custody plans would be “evident soon,” with the RFI having already been circulated to at least one well-known crypto custody player.
The insider said,
Like JPMorgan, we have issued an RFI looking at digital custody. We are broadly exploring digital custody and deciding what the next step is.
The report claims Goldman’s custody play is part of a “broad digital strategy,” that would include stablecoins. The source also cited San Francisco-based Anchorage’s attaining approval from the U.S. Office of the Comptroller of the Currency (OCC) to become a digital bank as intriguing to Goldman.
Speaking in an interview last week, Anchorage President Diogo Mónica predicted regulatory approval would bring greater interest from large institutional players. Mónica revealed his company had been in talks with JPMorgan, Goldman, and Citi Bank in regards to crypto services, saying “we are talking to all these guys.”
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