Goldman Sachs looks to 24/7 tokenized Treasuries, money market trading in US

By: cryptosheadlines|2025/05/02 22:45:01
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Goldman Sachs aims to bring tokenized Treasuries and money market fund shares into round-the-clock trading, according to digital assets head Mathew McDermott at TOKEN2049 in Dubai.The move reflects broader ambitions to integrate traditional collateral into blockchain infrastructure as clients increase demand for on-chain exposure.The firm already operates a crypto derivatives desk and is preparing to launch three tokenization projects in 2025. These include its first U.S. fund tokenization and a euro-denominated digital bond.Tokenized money market funds have surpassed $1 billion in assets under management. McKinsey says the sector could expand to $2 trillion by 2030. Offerings from BlackRock, Franklin Templeton, and various Web3 firms provide early liquidity, creating opportunities for tokenized collateral to support more flexible and continuous settlement cycles.Tokenized Treasuries have surpassed $5 billion with BlackRock’s BUIDL leading the way.US policy opens doors for financial institutionsPolicy developments have removed major regulatory hurdles. The Office of the Comptroller of the Currency’s Interpretive Letter 1183, issued in March, allows national banks to conduct crypto custody, stablecoin operations, and distributed ledger settlements without prior approval.The Federal Reserve, FDIC, and OCC collectively withdrew previous 2023 guidance discouraging crypto activity. The reversals align U.S. rules with global jurisdictions and are part of broader deregulatory efforts under the Trump administration.Goldman is also considering spinning off its Digital Asset Platform (GS DAP) into a separate entity. This initiative would allow the platform to serve multiple institutions, aiming for shared infrastructure to improve efficiency and accelerate liquidity, which is essential for the secondary trading of tokenized Treasuries and other assets.However, challenges persist. Goldman continues to favor permissioned blockchains to meet compliance requirements. Additionally, bank custodians still face regulatory capital requirements tied to on-chain holdings under SEC guidance. Liquidity in tokenized bonds remains limited, suggesting secondary markets will require time to mature.The bank’s roadmap positions it to introduce tokenized government debt products that can be traded outside standard market hours. The approach reflects an effort to meet evolving institutional demand and align blockchain integration with traditional market mechanics.Mentioned in this articleSource link

-- Price

--

You may also like

ZachXBT: Humanity private key leak and abnormal surge in H token should be viewed separately

On June 9, according to related disclosures, on-chain investigator ZachXBT posted an update on Humanity’s roughly $31 million security incident, saying that after further analyzing fund flows, he currently tends to believe the project team was not involved in an “inside job” or a self-staged attack. According to him, the official explanation about the private key leak was broadly accurate, but before the token unlock, the price of H had been artificially pushed higher, and the hacker later took advantage of that market environment; therefore, the private key leak and the earlier abnormal price pumping should be regarded as two separate and independent events. This reframing has shifted the market’s understanding of the nature of the incident. Earlier discussion around Humanity had focused on whether the team directly participated in the attack or used the security incident to cover up internal operations. ZachXBT’s latest remarks shift the focus from “whether it was self-theft” to “whether there were pre-unlock market structure issues.” He also questioned whether the team may have.

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Overview of Important Market Events on June 9th

Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market

Overview of Important Market Events on June 8th

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle

In-depth analysis of the "reflexivity" bubble trap in storage stocks: Beware of the backlash from the bullwhip effect and the false narrative of high growth; do not let the short-term myth of wealth become a wealth abyss that cannot be recovered for 25 years.

Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."

The major reshuffle has just begun.

$75 billion in foreign capital has fled, and South Korean retail investors have absorbed it all using leverage

Despite the accelerated migration of Korean funds from cryptocurrency to the stock market, the Korean market remains an important barometer for global cryptocurrency retail liquidity and recovery turning points.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com