Bloomberg: Goldman Sachs Plans ‘Crypto Custody’ Offering, Despite Bleak Market Predictions

Goldman Sachs plans to “offer [clients] custody for crypto funds,” insider sources told Bloomberg August 6, as the investment bank says it remains “undecided” on its cryptocurrency plans.

As the publication reports, Goldman, which in May first hinted it would trade Bitcoin futures, now aims to offer various products linked to digital assets “in response to client interest.”

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

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

Unofficial sources “with knowledge of the matter” meanwhile went further, telling Bloomberg it was cryptocurrency custody the company was targeting.

“Having a custody operation in place could also lead to other ventures, including prime-brokerage services,” Bloomberg added, paraphrasing the sources.

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