Crypto markets are undergoing a 'flight to quality,' says Goldman Sachs digital assets chief
Publishing timestamp: 2023-02-10 18:13:55
Summary
Goldman Sachs' global head of digital assets, Mathew McDermott, spoke on CNBC's "Crypto World" about the "flight to quality" happening in crypto markets. Goldman Sachs is focusing on tokenization, remaking the plumbing of financial markets, and the effect of digital currency across markets. The collapse of crypto exchange FTX and other crypto-related companies has allowed for more discerning investors. Goldman Sachs has made investments in digital asset space, predominantly focusing on blockchain infrastructure.
Sentiment: POSITIVE
Keywords: business news, goldman sachs bdc inc, goldman sachs group inc, technology, cryptocurrency,
Source: https://www.cnbc.com/2023/02/10/goldman-sachs-digital-asset-chief-lays-out-blockchain-strategy.html