Goldman Sachs Plans to Spin Off Digital Asset Platform

According to Foresight News, Goldman Sachs is reportedly planning to separate its digital asset platform into an independent company with shared industry ownership. This platform primarily offers blockchain-based asset issuance and settlement services for institutional clients. The move aims to enhance the platform's capabilities and expand its reach within the digital asset sector. By establishing it as a standalone entity, Goldman Sachs seeks to leverage industry collaboration and innovation in blockchain technology. This strategic decision reflects the growing importance of digital assets in the financial industry and Goldman Sachs' commitment to adapting to evolving market demands.