Is Goldman Sachs launching their own cryptocurrency?

After JP Morgan’s alleged JPM Coin’s launch came to life, another major US bank may be thinking of launching its very own digital coin. Goldman Sachs may be following in the footsteps of its biggest competitor.

JP Morgan essentially becomes the first major US bank with its very own cryptocurrency. As Leaprate reported: “As reported by The New York Times, JP Morgan officially became the first major US bank to launch a cryptocurrency that is going to have real-world use. Not only that but JP Morgan even introduced a special blockchain platform called Quorum.

Goldman Sachs, on the other hand, was long rumoured to be launching a cryptocurrency trading desk. This never happened and the bank even dismissed the rumours.

According to the CEO of Goldman, Mr. David Solomon, it’s very possible that the bank will move into the “crypto disruption” in the finance industry at some point.

According to a blog post by Coindesk, Mr. Solomon confirmed that Goldman Sachs is actually researching stablecoins and asset tokenization. He expressed his positive comments on the development and disruption of the finance field with the help of crypto hinting at what would happen if more banks around the world are now looking at tokenization, faster and more secure payments.

When asked about regulation, Mr. Solomon commented that the regulatory framework will change “for sure”.



Read Also: