Goldman Sachs to Launch Three Tokenization Projects by Year-End

Goldman Sachs, a longstanding leader in banking, is moving to enhance its cryptocurrency initiatives by the end of this year. Fortune was the first to publish the news, quoting Goldman’s Digital Assets Global Head Mathew McDermott. Mathew McDermot noted that the firm is planning to launch three significant tokenization projects. Tokenization involves converting real-world assets like real estate and money market funds into digital tokens on blockchain platforms. These projects, with one being the first of its kind in the U.S., aim to cater to the growing interest from major clients.