# Goldman Sachs Plans Tokenized Projects

*Author: Jack Inabinet*
*Published: Jul 10, 2024*
*Source: https://www.bankless.com/de/goldman-sachs-plans-tokenized-projects*

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Leading multinational investment bank Goldman Sachs plans to venture deeper into tokenization in 2024!

## What’s the Scoop?
- **New Offerings:** Goldman Sachs’ Global Head of Digital Assets Mathew McDermott [told Fortune](https://fortune.com/crypto/2024/07/10/goldman-sachs-launch-tokenization-bitcoin-etfs-crypto-mcdermott/?taid=668e9e359362c5000164499d&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter) that his firm wants to launch three different tokenized projects this year.
- **Product Types:** Specifics of the offerings were not provided, but one is expected to cover the U.S. fund sector while another will target European debt markets. A tokenized asset marketplace is also set to be launched, which will increase trading speeds and the types of assets that can be used as collateral. 
- **Existing Efforts:** Goldman is no stranger to tokenization; the bank has already issued tokenized debt for both the European Investment Bank and Hong Kong Monetary Authority, in addition to launching a tokenization creation platform. 
- **Private Chains:** Due to U.S. regulatory restrictions from its designation as a bank, GS is prohibited from operating on public blockchains and will rely on privatized alternatives.

## Bankless Take:
Although traditional financial institutions have demonstrated resilience in adopting blockchain technologies, it is evident that they are keenly aware of the advantages and seeking to establish a foothold, particularly within the RWA/tokenization sector.

Despite hundreds of trillions of dollars in assets standing at the ready to be tokenized, existing public blockchains have had a relatively difficult time gaining non-crypto native traction for their RWAs, leaving one to postulate whether the private blockchains banks are restricted will finally become the nexus for actual “crypto” adoption.

> *Goldman Sachs* to launch three tokenization projects…Paying attention yet?via [@leomschwartz](https://twitter.com/leomschwartz?ref_src=twsrc%5Etfw) [pic.twitter.com/FltNEjvt0s](https://t.co/FltNEjvt0s)— Nate Geraci (@NateGeraci) [July 10, 2024](https://twitter.com/NateGeraci/status/1811036630918029350?ref_src=twsrc%5Etfw)