Investing in NFTs in the context of financial instruments is where the power lies, according to the major investment bank.
Non-fungible tokens (NFTs) and the “tokenization of actual assets” are being examined by Goldman Sachs as the investment bank moves further into the crypto market.
Big names in financial services and a wide spectrum of other sectors are paying attention to the metaverse where real-world assets like real estate are traded as NFTs.
“When we look at NFTs as financial instruments, we find that they have a great deal of power. So we’re focusing on a variety of projects “On Wednesday, Goldman Sachs’ Global Head of Digital Assets, Mathew McDermott, said something similar at the Financial Times Crypto and Digital Assets Summit.
Cryptocurrency is becoming a focus for the bank. In March of this year, it performed its first over-the-counter crypto transaction with the digital-asset finance startup Galaxy Digital and began trading bitcoin derivatives to investors in 2021.
Wallets