Goldman Sachs crypto safekeeping
Goldman Sachs crypto safekeeping

Goldman Sachs crypto safekeeping

By Marco Cavicchioli - 6 Aug 2018

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One of the main obstacles for large investors is the safe custody of invested capital, especially in the crypto world.

Today, Goldman Sachs has announced that they are considering safekeeping crypto assets for their investors.

In other words, the tokens and cryptocurrencies purchased by investors will not be held by them but by the bank, which will keep them safe to reduce the risks of cyber attacks, theft and loss of private keys.

The decision has in fact not yet been taken and a date has not even been set by when it could be developed, so for the time being these are only unconfirmed rumours.

If Goldman Sachs decides to offer the service, it will provide a very reliable support to cryptocurrency investment funds and may attract new investors into the sector. It could also be Goldman Sachs’ first step in offering services in this field.

One of the first token custody services for investors of this calibre is Coinbase Custody, but the service also appeals to other financial institutions.

Something similar is also being worked on by other large investment banks such as Nomura Holdings Inc., Mellon Corp., JPMorgan Chase & Co. and Northern Trust Corp., and this seems to demonstrate that the service is actually required by the market.

Marco Cavicchioli

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded and the Facebook group" Bitcoin Italia (open and without scam) ".

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