Goldman Sachs to Launch New Tokenization Product in US and Europe

Goldman Sachs is set to introduce three innovative tokenization products later this year, targeting both the United States and European markets.

The new products will include marketplaces specifically designed for tokenized real-world assets (RWAs).

Unlike many crypto products aimed at individual investors, Goldman Sachs' new offerings will be tailored for financial institutions.

The RWA marketplace will distinguish itself by providing rapid execution of transactions and expanding the range of assets.

McDermott attributes the renewed interest in cryptocurrency to the proliferation of exchange-traded funds (ETFs) for digital assets.

The upcoming presidential election in the US could lead to a more favorable regulatory environment for cryptocurrencies.

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