Goldman Sachs: Asset Trading on Blockchain Will Soar in Next 2 Years

According to Goldman Sachs, there will be a rise in trading of tokenized assets in the next two years. Matthew McDermott, a representative from the bank’s research division, noted that many major financial institutions on Wall Street are showing interest in the blockchain industry.

Beyond just cryptocurrencies, investment firms and funds are also exploring the possibility of tokenizing traditional assets such as bonds and stocks.

In addition, institutional investors are hopeful that the Securities and Exchange Commission will legalize spot crypto ETFs for investing in Bitcoin and Ethereum early next year.

This move is expected to pave the way for companies to enter the digital currency market on a larger scale. Goldman Sachs also predicts that the launch of such instruments on the American market will create favorable conditions for institutions to invest in digital currencies.

In the fourth quarter alone, there was a significant 50% increase in the value of BTC.

And it’s not just Bitcoin that institutions are interested in; they are also looking for opportunities to access tokenized assets.