Goldman Sachs Looks To Explore Crypto Custody

Goldman Sachs looks to explore crypto custody. According to a source in the bank, the firm has issued a request for information (RFI) to look into digital asset custody.

When asked about timing, the Goldman source said the bank’s custody plans would be “evident soon.” 

“Like JPMorgan, we have issued an RFI looking at digital custody. We are broadly exploring digital custody and deciding what the next step is,” said the Goldman source, who asked not to be named. (An RFI on crypto custody was issued by JPMorgan in October 2020, as reported by The Block.)

The Goldman Sachs insider shared that the bank’s digital assets initiative was “part of a broad digital strategy,” citing stablecoins in relation to recent missives from the U.S. Office of the Comptroller of the Currency (OCC).

bitcoin
Bitcoin (BTC) $ 57,131.00 1.00%
ethereum
Ethereum (ETH) $ 3,579.56 6.94%
binance-coin
Binance Coin (BNB) $ 639.84 0.89%
dogecoin
Dogecoin (DOGE) $ 0.598449 4.73%
xrp
XRP (XRP) $ 1.68 7.10%
tether
Tether (USDT) $ 1.00 0.02%
cardano
Cardano (ADA) $ 1.62 16.91%
polkadot
Polkadot (DOT) $ 40.18 3.18%
bitcoin-cash
Bitcoin Cash (BCH) $ 1,504.84 18.30%
litecoin
Litecoin (LTC) $ 340.90 2.46%
S&P 500  ^GSPC 
$4,182.98  $15.39  (0.37%)
Dow Jones Industrial Average  ^DJI 
$34,402.23  $171.89  (0.50%)
NASDAQ Composite  ^IXIC 
$13,593.40  $10.97  (0.08%)
Russell 2000  ^RUT 
$2,226.94  $14.43  (-0.64%)
Crude Oil Jun 21  F*CL.NYM 
$64.80  $0.8300  (-1.26%)
   
$0.0000  $0.0000  (0.00%)