Goldman Sachs to Offer Bitcoin Investments to Wealthy Clients

Share Article
In Brief
  • Goldman Sachs announced it’s ready to offer investment vehicles in bitcoin.

  • The new global head of digital assets at Goldman mentions they’re looking into offer multiple digital assets.

  • This would make Goldman the second large investment back to offer investments in crypto assets to its clients.

  • promo

    BIT Launchpad: Up To 3,500 FREE BIT. Don’t Miss The Beat. Join Now!

The Trust Project is an international consortium of news organizations building standards of transparency.

A couple of key announcements regarding Bitcoin and digital assets, in general, were revealed by Goldman Sachs this Wednesday morning. The investment bank announced that it targets to offer investments in digital assets in the second quarter of this year. 

Sponsored



Sponsored

Goldman Sachs made it known that they brought on Mary Rich as global head for digital assets in the firm. Rich spoke about what Goldman Sachs’ aim at the digital asset market could look like in the coming months.

The investment bank aims at ultimately offering a “full-spectrum” of investments in bitcoin and digital assets, “whether that’s through the physical bitcoin, derivatives or traditional investment vehicles.” 

Sponsored



Sponsored

Impact On Bitcoin & Crypto Markets 

This announcement would make Goldman Sachs the second of the tier one investment banks after Morgan Stanley to offer crypto-based investment vehicles to clients. The consensus is that this certainly brings the Wall Street crowd closer to the crypto world. Two entities that have historically not seen eye to eye on many issues. 

It’s important to point out that the investment vehicles that Goldman intends to offer will be available only to high-end clients. (At least in the first stages of the ordeal.) The wealth management clients that Goldman would be targeting have a minimum of 25 million dollars in their portfolio at the company. This could see the introduction of large whale investors into a variety of crypto assets. 

Opening The Door On Crypto Assets 

Mary Rich did give a bit more insight into what type of digital assets Goldman could be looking to explore soon. She specifically mentioned Bitcoin as a potential starting point. In her role as global head of digital assets, she isn’t ruling any of those digital assets out just yet. 

With regards to what the future might look like with Goldman Sachs and digital assets, Rich mentioned: 

“We’re still in the very nascent stages of this ecosystem; no one knows exactly how it will evolve or what shape it will be. (..) But I think it’s fairly safe to expect it will be part of our future.” 

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Sponsored
Share Article

Related topics

Anirudh works in the financial markets along with being a cryptocurrency and blockchain enthusiast. He has a Master’s degree in Finance. Apart from work, he is a music connoisseur and likes to play the drums.

Follow Author

Market signals, studies and analysis! Join our Telegram Today!

Go

Bit2Me ICO JUST STARTED! Buy B2M token now.

Buy now!

BIT Launchpad: Up To 3,500 FREE BIT. Don't Miss The Beat.

Join Now!