Late last week, CNBC revealed that Goldman Sachs’ Mathew McDermott became Global Head of Digital Assets back in June. He is joined by fellow London-based executive Oli Harris, formerly JP Morgan Head of Digital Assets Strategy & Quorum. Harris confirmed the move on LinkedIn. CNBC also revealed that Goldman Sachs is considering issuing its own settlement coin.
“We are exploring the commercial viability of creating our own fiat digital token, but it’s early days,” McDermott told CNBC. This is likely to be similar to the JPM Coin, where the purpose is primarily to use it for settlement. A year ago, Goldman’s CEO hinted at such a coin.
And on the future of finance, McDermott said: “In the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on chain.”
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