Goldman Sachs Eyes NFTs in Financial Instruments Tokenization

Financial Instruments Tokenization

Investment banking company Goldman Sachs is exploring the tokenization of real assets with non-fungible tokens as part of plans to expand into the sector.

The global head of digital assets at Goldman Sachs, Mathew McDermott, says that the firm is looking into the NFTs in the financial instruments terming the space as powerful.

Goldman has remained bullish in the cryptocurrency space since starting to offer bitcoin derivatives in 2021 and a first over-the-counter trade in partnership with Galaxy Digital.

The news comes as more financial services firms make a foray into the metaverse, where real-world items are traded as NFTs.

Source: Coindesk

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