FT: Goldman Sachs opportunities in crypto prime brokerage

Goldman’s not giving up hope on Bitcoin

It was the views of Goldman’s own head of digital assets, Mathew McDermott, that really drew our attention.

McDermott notes there is a general sense of FOMO being experienced by institutional names, and that this potentially overshadows concerns about volatility.

All of which appears to be translating into big opportunities for Goldman’s prime brokerage business:

From a prime brokerage perspective, we plan to offer clients the ability to go synthetically long/short bitcoin-linked securities and exchange-traded notes (ETNs) in Europe. We’re also looking into offering lending structures in and around the crypto space to corporate clients as well as structured notes. And from a wealth management perspective, we are gearing up to offer access to cryptocurrencies, specifically bitcoin, via fund or structured note-like products.

The full article is available at https://www.ft.com/content/9aee2f71-2d95-4be2-a2df-5dcab2a2a3ff

Related Posts

Previous Post
Is crypto volatility driving the S&P 500?, the benefit of regulation and other digital news
Next Post
ESMA launches call for evidence on digital finance

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account