Goldman Sachs sees a future for tokenization in the face of increasing demand for cryptocurrencies

Goldman Sachs is preparing to expand his commitment in the field of digital assets, which signals a significant change in the perspective of traditional banks on cryptocurrencies.

At the token2049 conference gab Mathew McDermott, head of the company's digital assets, known that Goldman is planning to expand beyond trade to the areas of crypto loans and tokenization-two areas that the company sees as decisive for maintaining its competitiveness.

This step takes place against the background of increasing demand from institutional customers who are looking for engagements in blockchain-based financial products.

While Goldman has so far only dealt with cryptocurrencies in private market transactions, the upcoming advance will focus on creating token assets and the improvement of liquidity through blockchain-based consecration systems.

The company currently has to overcome regulatory hurdles before it can start its next wave of offers.

The changing attitude of Goldman reflects a broader industry trend: established financial actors are increasingly recognizing that it can be riskier to ignore digital assets than to use them. Voices such as those of Eric Trump have strengthened this view and warned that traditional banking systems could become obsolete without the integration of crypto solutions.

Goldman is not alone. According to reports, Morgan Stanley also prepares an expansion of his crypto access and checks new partnerships to offer brokerage customers direct access to important token such as Bitcoin and Ethereum.