Goldman Sachs plans to launch a 24/7 tokenized Treasury and money market fund trading service

According to CryptoSlate, Mathew McDermott, head of Goldman Sachs' digital asset division, said at the TOKEN2049 conference in Dubai that the bank plans to launch a 24/7 trading service for tokenized U.S. Treasury bonds and money market fund shares. Goldman Sachs currently operates a crypto derivatives trading desk and plans to launch three tokenization projects in 2025, including a U.S. fund tokenization project and a euro-denominated digital bond. In addition, Goldman Sachs is considering spinning off its digital asset platform (GS DAP) into a separate entity to serve multiple institutions and increase efficiency and liquidity.