- Goldman Sachs plans real-time trading for tokenized bonds and money market funds, operating nonstop every day.
- The bank also considers spinning off its digital asset platform to support broader blockchain adoption.
Goldman Sachs doesn鈥檛 seem to want to be left behind in the blockchain adoption race. They recently announced plans to launch a tokenized bond and money market fund trading system that can be accessed 24 hours a day, 7 days a week.
More than just a trial project, this system will use digital ledger technology to make the buying and selling process faster, more transparent, and not tied to traditional market operating hours. Just imagine if you could sell bonds at 3 a.m. while having coffee at home鈥攖hat鈥檚 the world Goldman Sachs is building.
JUST IN: 馃嚭馃嚫 Goldman Sachs plans to tokenize U.S. Treasury bonds and money market funds to enable 24/7 on-chain trading. pic.twitter.com/uYjWAyzQ1h
— Whale Insider (@WhaleInsider) May 3, 2025
Interestingly, this move did not come alone. Since the beginning of the year, the investment bank has indeed shown an increasing interest in the crypto world. As we previously reported in February, for example, they increased their Bitcoin ETF holdings to $2.3 billion.
Most of their investments are focused on the iShares Bitcoin Trust and the Fidelity Bitcoin Fund, while still avoiding direct ownership of Bitcoin due to regulatory constraints.
Goldman Sachs Balances Caution and Ambition in Crypto Space
Not only that, Goldman Sachs is also increasingly open about its views on digital assets. In their annual letter to shareholders released last March, they explicitly stated that digital assets and blockchain technology are starting to play a significant role in the global financial landscape.
This is not only a matter of acknowledging the existence of crypto, but also reflects a shift in the giant bank’s business strategy in the future.
Their CEO, David Solomon, has also been quite vocal in several public statements. In December 2024, he stated that Goldman was willing to consider direct trading of Bitcoin and Ethereum if US regulations gave the green light.
Then in January 2025, he emphasized that although Bitcoin is an interesting speculative asset, he does not see it as a threat to the dominance of the US dollar. This statement underlines their still cautious but open approach to crypto assets.
On the other hand, if you look at their desire to make this digital bond trading platform active 24/7, it is clear that Goldman Sachs is starting to pursue the potential of a much more liquid digital market. Not only that, they are also considering spinning off their internal digital asset platform, GS DAP, into a separate entity.
This could pave the way for expansion and cross-institutional collaboration without being constrained by the old organizational structure.
Furthermore, Goldman鈥檚 involvement in the sector has the potential to increase overall market liquidity. When a bank of this size steps in and provides a system that runs non-stop, other market players may be encouraged to follow suit. However, there are still challenges to overcome.
One is Goldman鈥檚 preference for permissioned blockchains, which may slow down public adoption. But who knows, if regulations become clearer, this approach could change.
