{"id":34017,"date":"2024-07-11T07:13:19","date_gmt":"2024-07-11T07:13:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/goldman-sachs-ventures-into-tokenization-for-institutional-clients\/"},"modified":"2024-07-11T07:13:19","modified_gmt":"2024-07-11T07:13:19","slug":"goldman-sachs-ventures-into-tokenization-for-institutional-clients","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/goldman-sachs-ventures-into-tokenization-for-institutional-clients\/","title":{"rendered":"Goldman Sachs Ventures into Tokenization for Institutional Clients"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
\n<\/p>\n

\n

In keeping with its strategy realignment, Kambi sees 2024 as a year of transformation. Revenue for the entire year is expected to range from \u20ac170 million to \u20ac180 million, somewhat less than the \u20ac173.3 million recorded for FY23. In spite of this, Kambi is still upbeat about revenue growth at the end of the year from new partner signings and organic growth from current partners.<\/p>\n

95% of Kambi\u2019s sportsbook income in the first quarter of 2023 came from areas that were subject to local regulations, underscoring the significance of conducting business in compliant settings. Kambi\u2019s dedication to growing in regulated markets is essential to maintaining profitability and long-term growth.<\/p>\n

Focus on Institutional Clients<\/strong><\/h2>\n

Mathew McDermott, global head of digital assets at Goldman Sachs, highlighted the institution\u2019s emphasis on serving institutional clients through these initiatives. McDermott explained to Fortune, \u201cThe nice thing is, about an institution of our size, there are differing views [on crypto].\u201d<\/em><\/p>\n

Goldman Sachs has been actively involved in the crypto space, offering cash-settled crypto derivatives trading and exploring opportunities in ETF markets. McDermott noted, \u201cWe\u2019ve continued to see, certainly this year, an uptick and a broadening in the product suite that clients would like to see available.\u201d<\/em><\/p>\n

One of Goldman Sachs\u2019 tokenization projects will target the U.S. fund sector, aiming to streamline asset management using blockchain-based tokenization. Another project will focus on enhancing European debt markets, potentially transforming debt issuance processes.<\/p>\n

\n
\n
\n
\n
\n
Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong> <\/p>\n

New players only. Exclusive Welcome Bonus of up to $2,500<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

The details of the third project remain undisclosed, but it is expected to contribute significantly to Goldman Sachs\u2019 diversification and innovation efforts in digital assets.<\/p>\n

Unlike some competitors favoring public blockchain solutions, Goldman Sachs opts for private blockchains, navigating regulatory challenges effectively. This approach underscores the bank\u2019s cautious yet proactive stance in adapting to the evolving crypto regulatory landscape.<\/p>\n

Goldman Sachs\u2019 move into tokenization coincides with a broader resurgence in the cryptocurrency market, fueled by recent advancements in Bitcoin ETFs and increasing institutional interest.<\/p>\n<\/p><\/div>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Crypto News – iGaming.org ) In keeping with its strategy realignment, Kambi sees 2024 as a year of transformation. Revenue for the entire year is expected to range from \u20ac170 million to \u20ac180 million, somewhat less than the \u20ac173.3 million recorded for FY23. In spite of this, Kambi is still upbeat […]<\/p>\n","protected":false},"author":35,"featured_media":34018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34017"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34017"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34017\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34018"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}