Goldman Sachs is become involved in more serious about finding ways for its clients to invest in cryptocurrencies.
The Stockade drive crazy Street giant enlisted Justin Schmidt, a former trader, to be the at the outset head of digital asset markets in Goldman’s securities division. Schmidt started his role on April 16.
“In response to client interest in various digital artefacts, we are exploring how best to serve them in the space,” Goldman Sachs spokeswoman Tiffany Galvin-Cohen reported in a statement.
“At this point, we have not reached a conclusion on the scope of our digital asset oblation,” she said.
Tearsheet, a finance industry news site, first circulated the news earlier Monday.
Goldman was one of a few major financial institutions to upon clearing CME and Cboe bitcoin futures for clients when the derivatives consequences launched in December.
Schmidt was previously senior vice president at quantitative buy firm Seven Eight Capital, and a quant trader at a proprietary unshakable, among other roles, according to his LinkedIn profile. His profile used of an adult bellboy lists “Crypto” as his current role.