Goldman Sachs is preparing to spin out its cryptocurrency platform to create a new company focused on creating and trading financial instruments on blockchain networks, Bloomberg reported on Nov. 18.
https://cointelegraph.com/news/goldman-sachs-spin-out-crypto-platform-report
Your post raises some important questions, and I'm interested in seeing how the conversation unfolds."
The spin-out is expected to take place within the next 12 to 18 months, pending regulatory approvals. This timeline reflects Goldman Sachs' commitment to adapting to the changing landscape of finance and its recognition of the growing importance of digital assets in investment strategies.
Overall, this initiative underscores Goldman Sachs' ambition to position itself at the forefront of the cryptocurrency and blockchain markets, aligning with the increasing interest from institutional investors
