Goldman Sachs Plans to Spin Off Digital Asset Platform

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Nov 18, 2024
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Goldman Sachs is in discussions with potential partners to spin off its digital asset platform into a new company. This venture aims to offer tools for creating, trading, and settling financial transactions using blockchain technology. The focus will be on serving large financial institutions, providing them with efficient and secure solutions for managing digital assets.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.