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Goldman sachs, the new director of digital assets: Goldman sachs is considering launching their own digital currency

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Goldman has been back-and-forth on cryptocurrencies. Will the new chief change that?

Goldman Sachs (GS) is considering launching its own cryptographic stabilization currency, the firm's global head of digital assets said in an interview on Aug. 6. Goldman Sachs may set up a new fixed assets division, the bank's new global head of digital assets revealed yesterday.


46, Matthew McDermott (Mathew McDermott) last month as the head of Goldman sachs global digital assets, he said in a CNBC interview today, Goldman sachs is "explore to create our own fiat commercial feasibility of digital tokens". But, he added, now is still in the "early stage". McDermott has a radical idea: to the market in the future, all financial assets in the world on the electronic books, such as initial public offering and issuance activities that need a lot of bankers and lawyers can be largely automated.


Mr McDermott, who has worked in the financial sector for many years, has been employed by Goldman since November 2005. Previously, he worked as an analyst at Morgan Stanley, another international investment bank.


Goldman Sachs (Goldman Sachs) have been looking at block chain technology, but for encryption attitude currency has been repeatedly, in May this year, the multinational company also denied that the currency is an asset class. McDermott said today, on the other hand, when it comes to the password, the bank's institutional clients "interest in the encryption on the rise," he added, "in the sense of encryption currency interest in recovery."


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