Goldman Sachs to offer digital asset investment vehicles to wealthy clients

Goldman Sachs to offer digital asset investment vehicles to wealthy clients
April 02
09:00 2021

Goldman Sachs will be offering access to digital asset investment vehicles to its wealthy clients. The services will be available in the second quarter of 2021, CNBC exclusively reported on Wednesday. Mary Rich, the company’s private wealth management division’s global head of digital assets, revealed that Goldman Sachs is looking to offer a wide range of investment vehicles for Bitcoin and other digital assets, the source says.

At the beginning of March, Goldman Sachs announced the reopening of its crypto desk. In particular, the desk deals with Bitcoin futures contracts and non-deliverable forwards. Initially, the company planned to open a Bitcoin trading desk in 2018. However, back then they put the initiative on hold.

In another exclusive report from CNBC earlier this month, another major investment bank, Morgan Stanley, revealed that it would offer its wealthy clients access to Bitcoin funds. Morgan Stanley has made other moves in the cryptocurrency space since then. According to Forex Crunch, the bank reportedly planned to make an investment in the Korean cryptocurrency exchange Bithumb. This happened shortly after the announcement. Moreover, yesterday CoinDesk reported that Morgan Stanley enabled some of its mutual funds to make indirect investments in Bitcoin.

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