Goldman Sachs Plans Spin-Out of Digital Assets Platform

The move aims to leverage blockchain technology for financial instruments in collaboration with strategic partners.

Goldman Sachs intends to spin out its digital assets platform into an independent company within the next 12 to 18 months, pending regulatory approval.
The platform will focus on enabling large financial institutions to create, trade, and settle financial instruments using blockchain technology.
Tradeweb Markets Inc. has been announced as the first strategic partner to collaborate on expanding the platform's capabilities.
Goldman Sachs is actively engaging with potential partners to explore new commercial applications for blockchain technology.
The initiative aligns with a broader trend of financial institutions adopting blockchain to enhance efficiency in trading and settlement processes.