Goldman Sachs Will Manage Bitcoin For Its Clients, Insiders Reveal

Goldman Sachs has reiterated it plans to roll out “crypto asset offerings” to clients in future in what Bloomberg describes would be a “boost for the burgeoning universe of funds betting on cryptocurrencies.”

‘In Response To Client Interest’

In comments to the publication August 6, a spokesman for the financial giant built on previous announcements from May this year about its plans to offer Bitcoin futures.

“In response to client interest in various digital products we are exploring how best to serve them in this space,” the spokesman said.

At this point we have not reached a conclusion on the scope of our digital asset offering.

Other sources “with knowledge of the matter” confirmed to Bloomberg that Goldman plans to offer custody for crypto funds.

“That means the bank would hold the newfangled securities on behalf of the funds, reducing risk for clients seeking to guard against the threat of losing their investments to rogue attacks,” the publication…