Goldman Sachs Explores Entering Crypto Market, CoinDesk Reports



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Headquarters of Goldman Sachs Group Inc. in New York, United States

Photographer: Mark Kauzlarich / Bloomberg

Goldman Sachs Group Inc. Plans to Invest in Digital Assets, US Bank’s Latest Move to Enter the Cryptocurrency World, CoinDesk website reported.

The New York-based bank sent a request for information to at least one crypto custodian player in late 2020, according to the portal, which cited an unidentified person. Goldman’s initiative was part of a larger digital strategy, CoinDesk said.

Representatives for Goldman Sachs did not immediately respond to messages seeking comment during weekend hours.

Goldman’s possible entry would be the latest in a wider trend to bring digital currency into U.S. banks. Earlier this month, Anchorage Digital Bank became the first cryptocurrency firm to earn a charter from the Office of the Comptroller of the Currency.

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