Goldman Sachs may have a service for storing cryptocurrencies

Goldman Sachs – one of the world’s largest investment banks – has issued a request for information to explore the possibilities of storing digital assets, CoinDesk writes, citing a source within the organization.

According to him, the bank’s plans in this area “will soon be clear.” At least one prominent member of the cryptocurrency custody business received a request from Goldman Sachs at the end of 2020, the publication said.

 

“Like JPMorgan, we have issued a digital asset custody request. We are studying this topic extensively and deciding what steps to take in the future, ”the source said. JPMorgan issued a similar request in October 2020.

 

The source also said the latest measures are part of the bank’s broader digital asset strategy. In particular, he mentioned stablecoins and the recent clarification by the Office of the Comptroller of the Currency in this regard.

Anchorage crypto depository received its national bank license in the United States this week. Asked about partnerships with JPMorgan, Goldman Sachs and Citi, which may be involved in one way or another in the provision of crypto custody services, Anchorage President Diogo Monica said his firm is in talks with all of them.

There is also information that Goldman Sachs may offer its clients primary brokerage services in the cryptocurrency market. However, the source claims that the bank is interested in storage, and not other areas.

 

“Anchorage, BitGo and Coinbase have big plans in the primary brokerage space and we are not going to duplicate them,” he said.

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