2 years ago
Goldman Sachs is not presently readying connected issuing an in-house integer token.
“We person nary contiguous volition of creating a Goldman Sachs coin,” a spokesperson told CoinDesk.
However, the New York-based slope is moving with backstage partners connected creating a stablecoin.
“We proceed to spot worth moving intimately with backstage institutions looking to make a ubiquitous unchangeable coin that meets legal/regulatory requirements and has transparent governance,” a spokesperson said.
In 2020, Goldman’s integer plus planetary caput Matthew McDermott said that the slope was earnestly considering its ain cryptocurrency, perchance a stablecoin. He besides hinted astatine a imaginable collaboration with societal media elephantine Facebook (now known arsenic Meta) oregon with banking rival JPMorgan, which launched its ain in-house token, JPM coin, successful 2020.
JPMorgan's token was created to service the bank’s firm clients holding their U.S. dollar deposit accounts connected a blockchain. Earlier this month, the coin was successfully utilized successful a proceedings by the cardinal slope of Bahrain.
Meanwhile, Meta has reportedly fixed up connected its beleaguered Diem stablecoin task and is connected the hunt for buyers of its assets to wage backmost investors, according to a Bloomberg story published Tuesday.
DISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Helene is simply a U.S. markets newsman astatine CoinDesk.
Subscribe to First Mover, our regular newsletter astir markets.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 