Goldman Sachs plans to spin out its digital assets platform, focusing on blockchain technology.

Goldman Sachs is considering spinning out its digital assets technology platform, aiming to separate the blockchain and crypto-linked trading products from its core operations. This move, reported by Bloomberg, is part of the bank's strategy to focus on blockchain technology, which could revolutionize financial transactions. The spin-out is expected to be completed within the next 12 to 18 months.

November 18, 2024
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