2 years ago
Brandy covers crypto-related task superior deals for CoinDesk.
Goldman Sachs (GS) has offered its archetypal bitcoin-backed loan, according to a Bloomberg report, successful the latest motion that Wall Street is moving further into crypto.
Goldman’s secured lending installation allowed a borrower to usage bitcoin arsenic collateral for a currency loan. A Goldman spokeswoman told Bloomberg the woody was charismatic owed to the operation and built-in hazard management.
Goldman, which has a dedicated integer assets team, traded its archetypal over-the-counter bitcoin options to Galaxy Digital past month.
Goldman is pursuing successful the footsteps of different accepted concern giants moving further into crypto. Last month, Cowen launched a integer assets portion and BlackRock participated successful the $400 cardinal funding circular for USDC stablecoin creator Circle.
And earlier today, news broke that backstage equity concern behemoth Apollo Global Management had hired erstwhile JPMorgan enforcement Christine Moy to service arsenic its archetypal caput of integer assets strategy.
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Brandy covers crypto-related task superior deals for CoinDesk.
Brandy covers crypto-related task superior deals for CoinDesk.
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