“Improve institutional investor intrust”

Mathew McDermott, head of digital assets at Goldman Sachs, said institutional investors’ interest in cryptocurrencies will increase if applications for Bitcoin and Ethereum spot exchange-traded funds (ETFs) are approved. He said he was deaf.

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“One is to expand and deepen the liquidity of the market. I think it’s going to expand the world of pensions and insurance companies and things like that,” McDermott said in an interview with Fox Business. On the other hand, even if a Bitcoin ETF is approved, we do not expect changes to occur immediately, but rather the situation will gradually change over the next year.

Regarding Bitcoin ETF investment by institutional investors such as pension funds, Steven T. Larsen, a financial planner and founder of U.S. financial advisory firm Columbia Advisory Partners, recently said, “If the U.S. SEC approves it, more companies will may allow companies to invest in Bitcoin spot ETFs in their corporate defined contribution plans (401k).

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RWA area also has increased interest

McDermott also said the crypto market will grow next year, driven by the growing commercial applications of blockchain and the increased involvement of traditional financial institutions in the space over the past year to year and a half. Expect.

He specifically highlighted the use case of tokenization, predicting that the development of such marketplaces will increase in the next year. “We’re going to start seeing large-scale adoption of tokenization, especially across the buy side from an investor perspective,” he said. “Secondary liquidity will emerge on-chain and be a key enabler. This is one of the major developments.”

In January of this year, Goldman Sachs jointly launched GS DAP, a tokenization platform that enables privacy protection, in collaboration with Digital Asset. “Our goal is to help our customers reap the benefits of end-to-end digital lifecycle processing for tokenized assets, digital currencies, and other financial products,” McDermott said at the time. talked.

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