You are here
Home > Blog > BREAKING: World Leading Investment Bank, Goldman Sach To Offer $119 Billion Crypto In Q2

BREAKING: World Leading Investment Bank, Goldman Sach To Offer $119 Billion Crypto In Q2

Spread the love

Goldman Sachs, the world’s leading investment bank is near offering investment vehicles on Crypto-assets for clients of its private wealth management group, according to a report credited to CNBC.

The American-based private wealth management business is targeting individuals, families and endowments with at least an investment capacity of $25 million.

The $119 billion valued investment bank will start offering investments in the emerging asset class in Q2, 2021 according to Mary Rich, who was recently named global head of digital assets for Goldman’s private wealth management division.

We are working closely with teams across the firm to explore ways to offer thoughtful and appropriate access to the ecosystem for private wealth clients, and that is something we expect to offer in the near-term,” Rich said this week in an interview.

Goldman is looking 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,” she said.

Until now, major American banks have ignored the crypto market deeming it too risky and unsuitable for their clients. But the latest price surge of the world’s most popular crypto asset has attracted wealthy investors, global business brands and fintech player; and the infrastructure to hold Crypto continues to mature. In the end, it was client demand that won out, according to Rich.

Lady Decency
Decency Global News is one of the world's finest blog you can see anywhere around the world. We deal on fresh facts with indept analysis & investigative reporting across the globe. We advertise & market goods & services for corporate bodies and individuals as well as event management & Public Relations consultation…. We appreciate constructive criticism to serve you better. Welcome & enjoy the news... Contact: ella4decency@gmail.com Tell: +234 803 744 6365 +33757936595

Leave a Reply

Top