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Goldman Sachs To Spin Out Digital Assets Platform Amid Blockchain Push - Goldman Sachs Gr (NYSE:GS)

Summary by Benzinga
Goldman Sachs Group Inc. NYSE: GS) is advancing its blockchain ambitions, planning to spin out its digital-assets platform into an independent company within the next 12 to 18 months. What Happened: The platform aims to enable large financial institutions to create, trade, and settle financial instruments using blockchain technology, Bloomberg reported. Mathew McDermott, Goldman's global head of Digital Assets, revealed the plans, emphasizing th…
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